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Financial News: Taiwan Exports Rises Less Than Expected In December

Taiwan Exports Rises Less Than Expected In December

01/07/2022 - 07:29:00 (RTTNews)

(RTTNews) - Taiwan's exports rose less than expected in December, figures from the Ministry of Finance revealed on Friday.

Exports gained 23.4 percent year-on-year in December, after a 30.2 percent growth in November. Economists had forecast shipments to grow 26.7 percent.

Exports of parts of electronic product, information, communication and audio-video products, base metals and articles of base metal, plastics & rubber and articles thereof, machinery increased in December.

Imports rose 28.1 percent annually in December, after a 33.8 percent gain in the previous month. The pace of growth in imports slowed for fourth month in a row. Economists had expected a 30.6 percent increase.

The trade surplus totaled $5.767 billion in December. Economists had expected a surplus of $5.900 billion.

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