Jan. sees slight decrease in exports year-on-year: MOF
By Linger Liu ,The China PostExports for January this year grew 21.8 percent compared to the same period last year, said the Ministry of Finance yesterday.
February 8, 2013, 4:37 pm TWN
The ministry said the total exports in January expanded 21.8 percent year-on-year even though they declined slightly from December.
The ministry said that the exports had grown to US$25.67 billion. Total imports rose 22.3 percent from a year earlier, expanding to US$25.20 billion. The trade surplus of last month was favorable, amounting to US$470 million, according to the ministry.
Export and Import Industries
In comparison with the same month last year, the Finance Ministry said the exports including electronic products, basic metals and articles thereof, mineral products, plastics and rubber products and optical and photographic instruments are the main drivers of the growth. Those products grew by 24.3 percent, 7.9 percent, 114.6 percent, 22 percent and 29.4 percent, respectively.
The Finance Ministry said that compared with the same month last year, imports of mineral products, electronic products, chemicals, basic metals and articles thereof and machineries grew by 16.7 percent, 4.2 percent, 24.9 percent, 28.1 percent and 33.6 percent, respectively.
Regarding the exports to different countries, the ministry said that comparing with the same month of last year, exports to mainland China and Hong Kong, the U.S., Japan, Europe and ASEAN-6 rose by 36.1 percent, 3.1 percent, 19.5 percent, 2.2 percent and 28 percent separately.
The ministry said in comparison with the same month last year, imported goods from mainland China and Hong Kong, the U.S., Japan, Europe and ASEAN-6 rose by 38.6 percent, 26.9 percent, 13.2 percent, 28.8 percent and 19.4 percent, respectively.
Statistics show that Taiwan's tight trade relationship with the mainland, the U.S. and ASEAN-6, as well as overall positive export and import performance, according to the Ministry of Finance.