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Financial News: Taiwan Trade Surplus Rises In June

Taiwan Trade Surplus Rises In June

07/07/2017 - 06:37:00 (RTTNews)

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

The trade surplus climbed to $5.83 billion in June from $3.57 billion in the corresponding month last year.

Meanwhile, economists had expected the surplus to fall $3.20 billion. In May, the surplus was $3.46 billion.

Exports surged 13.0 percent year-over-year in June, well above the expected growth of 8.8 percent.

Imports increased 3.7 percent in June from a year ago, much slower than the 12.0 percent spike economists had forecast.

Shipments of parts of electrical products grew the most by 19.5 percent annually in June, followed by information, communication and audio-video products with 17.2 percent rise.

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