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Tags: Taiwan | Trade

Taiwan's April Exports Surge, Propelled by Chip Exports

Friday, 07 May 2021 08:00 AM

TAIPEI, Taiwan (AP) — Taiwan’s exports rose by double digits in April, boosted by demand for processor chips as global manufacturing revived.

Exports increased 38.7% over a year earlier to $35 billion in April, the 10th straight month of gains, Ministry of Finance data showed Friday. Imports advanced 26.4% to $28.8 billion.

Exports of electronic parts increased 38.6% to $13.5 billion, accounting for about 40% of sales.

Taiwan is a major supplier of processor chips used in smartphones, cars and consumer electronics.

“We remain optimistic about goods exports outlook and expect over 20% growth in U.S. dollar terms in 2021,” Lloyd Chan of Oxford Economics said in a report.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Taiwan's exports rose by double digits in April, boosted by demand for processor chips as global manufacturing revived. Exports increased 38.7% over a year earlier to $35 billion in April, the 10th straight month of gains, Ministry of Finance data showed Friday. Imports...
Taiwan,Trade
108
2021-00-07
Friday, 07 May 2021 08:00 AM
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