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December 8, 2010

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Taiwan exports soar

TAIWAN'S exports surged 22 percent to US$24.4 billion in November on strong demand for the island's computers and high-tech products.

Imports for the month rose 34 percent from a year earlier to US$24 billion, official data showed yesterday.

Officials have predicted weaker export growth in the months ahead because of anemic growth in the United States and other major economies. Taiwan has projected a 10 percent economic growth rate for 2010, and 4.5 percent for 2011.

Exports to Chinese mainland and Hong Kong rose 18 percent to US$9.8 billion in November, followed by US$2.9 billion to Europe and the same figure to the US.


 

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