Taiwan's exports up 1.2% in June (update)
Central News Agency
2014-07-07 09:16 PM
Taipei, July 7 (CNA) The value of Taiwan's exports rose 1.2 percent in June from a year earlier with the help of big jumps in exports of machinery, basic metal products and electronics, the Ministry of Finance (MOF) reported Monday. The country's exports in June rose marginally to US$26.8 billion, while imports increased 7.5 percent from the same month of last year to US$24.91 billion. That left a trade surplus for the month of US$1.89 billion, down 42.7 percent year-on-year. Exports of machinery, basic metal products and electronics rose 12.7 percent, 12.2 percent and 9.9 percent, respectively in June, according to MOF figures. In the first six months of the year, Taiwan's exports rose 2 percent year-on-year to US$153.38 billion, while imports were 1.1 percent higher than a year earlier, at US$137.20 billion. Taiwan's trade surplus during the period stood at US$16.18 billion, up 10.2 percent compared with the same period of 2013. According to the ministry, the country's exports in the second quarter reached US$80.07 billion, while imports of capital equipment amounted to US$9.76 billion, both record highs for 12 quarters. The ministry said that since the second half of the year is the traditional peak season for exports, exports in the third quarter are expected to post a more-than 5 percent growth over the second quarter. (By Wei Shu and Evelyn Kao)
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