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Financial News: Taiwan Trade Surplus Rises In January

Taiwan Trade Surplus Rises In January

02/07/2020 - 06:15:00 (RTTNews)

(RTTNews) - Taiwan's trade surplus increased in January as imports declined faster than exports, figures from the Ministry of Finance showed on Friday.

The trade surplus increased to US$3.458 billion in January from US$2.502 billion in December. Economists had expected a surplus of US$1.66 billion. In the same month last year, the trade surplus was US$875 million.

Exports fell 7.6 percent year-on-year in January, after a 4.0 percent rise in December.

Imports dropped 17.7 percent annually in January, after a 13.9 percent gain in the previous month.

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