Exports hit 26-month high in October: Finance MinistryTAIPEI, Taiwan -- The Ministry of Finance (MOF) released Taiwan's trade data for October on Monday, with substantial growth in both imports and exports. Given the rising demand for semiconductors and the shipment delays caused by the September typhoons, Taiwan's exports totaled US$2.675 billion in October, with a year-on-year increase of 9.4 percent. These data clearly indicated that Taiwan's trade has recovered from the poor economic climate, leaving the MOF optimistic about Taiwan's trade for the fourth quarter. Microchip exports totaled US$779 million, with year-on-year growth of 21 percent. Other well-performing exports included communication technology products (US$311 million, 18.2 percent year-on-year growth), metal exports (US$227 million, 14.8 percent), machinery exports (US$191 million, 12.9 percent) and chemical exports (US$159 million, 9.9 percent).

Source: The China Post November 07, 2016 16:11 UTC