Exports soar 35 1% to US$36 65bn - Taipei Times taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Taiwan s April exports rocket up on tech demand, outlook robust Toggle share menu
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Taiwan s April exports rocket up on tech demand, outlook robust Taiwan s exports rose for a 10th straight month in April, and far exceeded expectations, as global demand for microchips and hi-tech gadgets remained strong in the work-from-home COVID-19 pandemic boom, and the outlook looks robust. Exports rose 38.7per cent from a year earlier to US$34.96 billion last month, the Ministry of Finance said on Friday, the second highest monthly figure on record. Analysts in a Reuters poll had forecast a rise of 26.9per cent for April, compared with a 27.1per cent increase in March. The ministry attributed the growth to continued strong demand for tech products to support remote working and the home economy even in what is normally the low season. Firms such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC) are major suppliers to Apple Inc an
Exports soar as global demand picks up
FULL SPEED AHEAD: Exports could stay above the US$30 billion mark this month, as material, component and capacity shortages persist, a government official said
By Crystal Hsu / Staff reporter
Exports last month surged 38.7 percent year-on-year to US$34.96 billion, the second-highest value in history, as local firms benefited from an across-the-board increase in demand, the Ministry of Finance said yesterday.
A pickup in economic activity around the world also lent support to inventory building for tech and non-tech products, pushing up their selling prices, during a historically slow season, Department of Statistics Director-General Beatrice Tsai (蔡美娜) told a news conference in Taipei.
Publishing date: Apr 09, 2021 • 5 hours ago • 2 minute read •
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TAIPEI Taiwan’s exports rose for a ninth straight month in March, and far exceeded expectations, as global demand for microchips and hi-tech gadgets remained strong in the work-from-home COVID-19 pandemic boom.
Exports rose 27.1% from a year earlier to $35.89 billion in March, the Ministry of Finance said on Friday, the highest monthly figure on record.
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Analysts in a Reuters poll had forecast a rise of 17.4% for March, compared with a 9.7% increase in February.