|Taiwan's exports up in April
Taiwan's exports rose 6.2 percent year-on-year in April to US$26.6 billion thanks to growing demands from most major overseas markets, the government said Wednesday.
Shipments to the Chinese mainland and Hong Kong in April rose 5.0 percent on-year to US$10.38 billion while exports to Southeast Asia and United States were up 8.5 percent and 6.9 percent, respectively, to US$5.02 billion and US$3.03 billion, said the finance ministry, AFP reports.
Taiwan sold US$2.56 billion worth of goods to Europe last month, up 13.1 percent from the previous year but sales to Japan fell 3.2 percent to US$1.45 billion, the only decline among its major export markets, the ministry said in a statement.
April's exports were also lifted by robust demands for electronics products, including microchips and solar batteries, which increased 14.7 percent to US$8.16 billion from a year ago but shipments of telecommunication items fell 11.5 percent on-year to US$1.16 billion, including a 23-percent decline in sales of mobile phones.
Growth in Taiwan's export-reliant economy has been buoyed by a steady economic recovery in developed countries as well as improved domestic consumption.
The economy grew 3.04 percent on-year in the first quarter, a figure which is slightly better than predicted. It was boosted by rising exports and domestic spending.
Full-year growth for 2014 was estimated to be 2.82 percent, putting Taiwan on course to enjoy its best growth since 2011's 4.19 percent.