Trade surplus to pass US$70bnStaff writer, with CNATaiwan’s trade surplus should hit a new high above US$70 billion this year, largely because of ongoing robust global demand for semiconductors, the Ministry of Finance said on Tuesday. Taiwan’s largest trade surplus to date was recorded last year at US$64.9 billion from growth in the electronic component industry, including semiconductor suppliers, the ministry said in a report. The uptrend seen in the industry is expected to continue this year and push the trade surplus to another new high, the ministry said. Taiwan’s trade surplus with the Chinese market has surged in the past few years, reaching a high of US$104.7 billion last year, the ministry said. The US was the largest source of Taiwan’s trade surplus in information and communications technology, as well as audio and video devices, the ministry said.

Source: Taipei Times May 01, 2022 22:08 UTC