Taiwan's Exports up 10th Straight Month to US$26.68B. in November
2014/12/12 | By Judy LiTaiwan's exports rose an annual 3.7% to US$26.681 billion in November, the 10th consecutive monthly positive rise; and imports went up 5.1% to US$22.464 billion, according to the statistics released by Taiwan's Ministry of Finance (MOF).
MOF attributes the export rise to the sizable growth of 10.2% of electronic exports including ICs, diodes, storage media, and solar cells. In contrast, the exports of minerals & related products, optical devices, and ICT items were weaker. As of end of November, the export of minerals & related products amounted to US$19.23 billion, down 11% year on year.
In November the import rise was due mainly to the purchases of new planes by airlines, resulting in the import value of capital equipment of US$3.09 billion with transportation facilities surging 150% or US$160 million despite a sizable fall of 23.4% in semiconductor equipment.
In the first 11 months the island's exports totaled US$288.2 billion for annual growth of 3.3%, with the 2014 value expected to reach US$314.63 billion with projected growth of 3.01%. As for imports, the value in the first 11 months rose 3% to US$253.03 billion, resulting in trade surplus of US$35.17 billion, up US$1.85 billion year-on-year.
In the same period the exports of electronic products came to US$91.56 billion, exceeding US$88.12 billion of the products for the full year. This year the export value of electronic products is very likely to hit record high of over US$100 billion.
In November Taiwan's exports to China edged down 0.3% to US$10.82 billion, the first negative growth in eight months, with the percentage turning positive 3.7% in the first 11 months.
In Jan.-Nov., the exports to the U.S. climbed 6.4%, to Europe up 4.4%, to Japan up 4.2%, to Asia up 3.2% and to six ASEAN (Association of Southeast Asian Nations) members up 2%.
It's noteworthy that in the first 11 months the exports of metal bolts & nuts and camera lenses & mobile phones both hit record highs of their kinds, with the former's export value of US$3.35 billion and US$1.43 billion for the latter. (JL)
Items with Record High Export Value in First 11 Months | ||
Item
| Export value (US$B)
| Annual growth (%)
|
Metal blots & nuts
| 3.68
| 10.5
|
Lenses
| 1.43
| 65.0
|
ICs
| 66.138
| 15.1
|
DRAM
| 6.896
| 30.1
|
Storage media
| 6.054
| 14.2
|
Solar cells
| 2.85
| 16.4
|
Diode
| 3.826
| 11.1
|
Sedans
| 1.337
| 18.9
|
Portable computers
| 0.684
| 43.4
|