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April exports hit record on electronics demand

Source: Taiwantrade | Updated: 13 May 2011

The ministry reported in April, exports totaled US$27.32 billion, an increase of 0.3 percent from March and 24.6 percent from the same period in 2010. The number was an all-time high.

Imports totaled US$24.36 billion, a decline of 4.4 percent from March and an increase of 25.7 percent from the same period last year. The figures translated into a trade surplus of US$2.96 billion for April, an increase of 16.3 percent year-on-year.

Cumulatively, from January to April, exports totaled US$101.12 billion, rising 20.8 percent from the same period last year. Imports totaled US$93.62 billion, rising 22.8 percent year-on-year. Total surplus was US$7.51 billion from January to April, rising 0.5 percent year-on-year.

Exports of electronics, information technology and communication products each rose US$300 million compared to March, the biggest margin of increase. Exports of plastics/rubber products and chemicals each declined by NT$50 million in April, while those for optic instruments declined by US$180 million.

Percentage-wise, optical instrument exports declined by 3.9 percent from March, while electronics rose by 71.3 percent, petrochemical products 67.9 percent and machinery 42.6 percent.

Together, exports of electronics amounted to US$7.33 billion, while machinery reached US$1.81 billion, both record monthly highs for their respective fields.

From January to April, record high exports were registered for the following seven categories: electronics, basic metallic products, plastic/rubber products, chemicals, machinery, petrochemical products and transportation equipment.

By area, China continued to be Taiwan's biggest export destination, receiving US$11.16 billion worth of products from the island. Other major export destinations and their export values were: ASEAN, US$4.41 billion; the United States, US$3.23 billion; and Europe, US$2.74 billion.

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