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Taiwan's Exports Reach Record High

Q1 increased 19.5%

Taiwan's exports, in the three months to March, hit a record high of $73.83 billion on the back of strong global demand for its electronics, plastics and chemical products, the government said on April 11.

The value marked a rise of $12.05 billion, or 19.5%, over the same period last year, the finance ministry said.

Its shipments of electronic items rose 16.3 percent to $20.09 billion, while plastics increased 24.3 percent to $6.23 billion and chemicals were up 28.6 percent to $6.06 billion.

The island's exports to its leading trading partner China, including Hong Kong, rose 14.3 percent to $30.19 billion.

During the three-month period, imports also hit a record high of $69.26 billion, an increase of 21.8% or $12.4 billion over a year ago.

Copyright Agence France-Presse, 2011

TAGS: Trade
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