International Business News: SEOUL: Robust demand for South Korean chips helped Asia's fourth-largest economy post export growth for a sixth consecutive month in March, albeit at .
Japan -0.71%. China +0.33%. Hong Kong +1.22%. Hong Kong’s total value of exports and imports in March both fell 1.5% and 0.6% year-on-year respectively.Australia -0.03%. Australian.
Commerce extérieur : Les importations grimpent de 24 % defimedia.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defimedia.info Daily Mail and Mail on Sunday newspapers.
Taiwan’s Exports Up for Ninth Straight Month on Chip Demand
Bloomberg 1 hr ago Samson Ellis
(Bloomberg) Taiwan continued to benefit from global demand for its electronics goods, with exports rising for a ninth straight month in March.
Exports increased 27.1% last month to almost $35.9 billion, according to a statement Friday from Taiwan’s Ministry of Finance. Economists had forecast shipments would increase by 20%.
“We expect exports to continue growing robustly, supported by a global recovery, buoyant demand for semiconductors, and a broadening of demand for non-tech goods such as chemicals, plastics, and metals,” Lloyd Chan, an economist at Oxford Economics Ltd., wrote in a research note. “Rising electronics export orders and the global chip shortage all point to continuing rapid growth in the electronics sector, particularly in the foundry industry.”
The country s exports jumped by 58.23 per cent to $34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry s provisional data. Exports during April-March 2020-21, however, dipped by 7.4 per cent to $290.18 billion compared to $313.36 billion in 2019-20, the data showed.
Imports during 2020-21 contracted by 18 per cent to $388.92 billion compared to $474.71 billion during 2019-20. In March 2020, the exports stood at $21.49 billion, which was a decline of about 34 per cent over March 2019 due to global slowdown induced by the Covid-19 crisis. India s merchandise exports in March 2021 were $34.0 billion as compared to $21.49 billion in March 2020, an increase of 58.23 per cent, the ministry said in a statement.