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January 8, 2013

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Export rise ends quarterly falls

TAIWAN'S exports rose 2.5 percent from a year earlier to US$77.5 billion in the October-December period, ending a streak of three consecutive quarterly declines.

Authorities said yesterday that emerging signs of a more stabilized world economy lifted demand for the island's high-tech and other goods.

Taiwan's exports shrank 4 percent in the first quarter, followed by a 5.4 percent and 2.2 percent decline respectively in the following quarters.

Exports fell 2.3 percent annually to US$301 billion in 2012. Imports fell 3.8 percent to US$270 billion.


 

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