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Financial News: Taiwan Trade Surplus Grows In August

Taiwan Trade Surplus Grows In August

09/08/2017 - 04:34:00 (RTTNews)

(RTTNews) - Taiwan's foreign trade surplus increased in August from a year ago, as exports grew faster than imports, preliminary figures from the Finance Ministry showed Friday.

The trade surplus climbed to $5.71 billion in August from $3.99 billion in the corresponding month last year.

Economists had expected a surplus of $5.52 billion for the month. In July, the surplus was $5.37 billion.

Exports logged a double-digit growth of 12.5 percent annually in August, almost in line with the 12.4 percent spike economists had forecast.

Shipments of machinery grew the most by 26.8 percent, followed by plastics and rubber and articles thereof with 16.2 percent increase.

Imports grew 6.9 percent in August from last year, faster than the expected increase of 5.7 percent.

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