Taiwan’s exports declined slightly in 2012

l   Taiwan's exports posted negative growth for 2012 despite rising 9 percent in December. According to government statistics recently released by the Ministry of Finance (MOF), Taiwan's exports totaled US$301.11 billion last year as a whole, which amounted to a drop of 2.3 percent year-on-year.

l   On the other hand, imports in 2012 fell 3.8 percent to US$270.73 billion, but December’s total imports also increased 2.3 percent year-on-year to US$21.98 billion. Taken together, Taiwan had a trade surplus of US$4.12 billion in December, up 78 percent from the same period in 2011. That brought the island’s total trade surplus to US$30.38 billion, which was 13.3 percent higher than in 2011.

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