“Tight capacity and clear order visibility for chips, the main growth driver, lend further support to Taiwan’s exports,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said at a media briefing in Taipei. Electronics shipments grew 12.4 percent to US$14.58 billion, while exports of information and communications technology products soared 26.9 percent to US$5.88 billion last month, the ministry’s monthly report showed. Imports of agricultural and industrial materials surged 48.8 percent to US$23.67 billion, while semiconductor equipment imports rose 46.3 percent to US$3.14 billion, it said. In the first 10 months of the year, exports jumped 30 percent to US$364.2 billion, while imports advanced 33.7 percent to US$310.38 billion, the ministry said. Tsai said fast vaccination rates worldwide allowed companies and consumers confidence to embark on purchasing activity.

Source: Taipei Times November 09, 2021 02:38 UTC