Taiwan Notes Huge Export Surge Amid Global Rebound
Taiwan logged more than $40 billion in exports in a month for the first time, capitalizing on surging demand for semiconductors and metals, data from the Ministry of Finance showed, Bloomberg reported Nov. 8. In October, overseas shipments jumped 24.6%…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
year on year, while imports rose 37.2% to $34 billion, narrowing the trade balance to $6.1 billion. The finance ministry pegged strong demand for new technologies, the start of the peak holiday buying season and boosted raw material prices as the main factors behind the export surge, Bloomberg said. The ministry predicts momentum will continue through the end of the year.