Taiwan’s exports in November grew 21.8% year-on-year to US$24.37 billion. Imports for the month totaled US$23.96 billion, a 33.8% rise compared with the same month last year.
This brought Taiwan’s November trade surplus to US$410 million, the lowest of any single month since September 2008. The decline was attributed to increased imports of capital equipment which amounted to US$4.4 billion, including three aircraft worth a total of US$440 million.
If the export momentum continues in December, the export volume for 2010 will exceed the projected goal of US$272.7 billion and reach a new high.
Focus Taiwan reports that China and Hong Kong together was Taiwan’s largest export market in November, accounting for US$9.83 billion worth of goods.