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Taiwan's export reach the second highest monthly figure in June
Taiwan's export figure reached
US$12.41 billion with an annual growth of 26% in June, that is
next to May's US$13.15 billion and the second highest monthly
figure, according to the statistics compiled by the Ministry of
Finance. The import figure was US$11.56 billion in June. As a
result, Taiwan's trade surplus came to US$85 million,
representing a slight increase of US$60 million from the same
period of last year.
The same tallies indicated that electronics goods, information
technology products, machinery, steel products and optical
equipment together commanded a 70% share of the island's total
exports. On another front, imports of capital goods and
agricultural & industrial raw materials scored increase of 43%.
Island's exports to Europe, Hong Kong and Japan grew faster than
imports from these markets during the first six months of the
year. As a result, the Taiwan's trade surplus with Europe
expanded by US$840 million to reach US$2.14 billion; the trade
surplus with Hong Kong increased from US$2.6 billion to reach US$13.79
billion; and the trade deficit with Japan reached US$11.77
billion, down US$2.81 billion from one year previously.
Finance Ministry officials forecast the island's trade to enjoy
an annual growth of 20% and 23.5%, for the year, higher than the
corresponding growth rate of 18.8% and 22.1% forecast by the
Directorate General of Budget, Accounting and Statistics. The
officials also expected the island's trade surplus at the level
of US$7 billion to US$9 billion, lower than the DGBAS-projected
level of US$9.3 billion.
Wednesday, July 10, 2000
Source: Taiwan Headlines
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