Taiwan Trade Surplus Shrinks In April
Taiwan's foreign trade surplus decreased somewhat in April as imports rose faster than exports, preliminary figures from the Ministry of Finance revealed on Wednesday.
The trade surplus dropped to $6.46 billion in April from $6.83 billion in the corresponding month last year. The surplus also declined from $8.68 billion in March.
Exports grew 4.3 percent year-over-year in April, which was much slower than the 18.9 percent surge in the prior month. Economists had forecast 10.15 percent growth.
Shipments of information, communication, and audio-video products jumped 114.6 percent annually in April, while those of parts of electronic products slid by 17.7 percent.
Imports grew 6.6 percent annually in April after a 7.1 percent rebound in March. That was below the 7.6 percent rise expected by economists.
Economic News
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