Benefited from the mainland's resumption of work, Taiwan's exports in March increased by 11.4% month-on-month

Xinhua News Agency, Taipei, April 8 (Reporters Wu Jihai, Fu Shuangqi) The Taiwan authorities ’financial affairs department announced on the 8th that exports in March amounted to US $ 28.27 billion, an increase of 11.4% from the previous month and a decrease of 0.6% from the same month of the previous year. Mainland China and Hong Kong remain Taiwan ’s largest export markets.

Imports in March were US $ 25.48 billion, an increase of 15.4% from the previous month and an increase of 0.5% from the same month of the previous year; a surplus of US $ 2.78 billion in March, a decrease of US $ 310 million from the same month of the previous year. Cumulative imports from January to March were US $ 69.17 billion, an increase of 3.5% from the same period last year; cumulative exports from January to March were US $ 78.70 billion, an increase of 3.7% from the same period last year. The cumulative surplus from January to March was US $ 9.52 billion, an increase of US $ 480 million from the same period last year.

According to the analysis of the financial affairs department of the Taiwan authorities, as the new pneumonia epidemic spread to Europe and the United States, aggravating the suspicion of tightening global demand, the price of international raw materials has plummeted, and the export of goods in traditional industries has obviously weakened. The “house economy” such as end-office and e-commerce rises steadily, and emerging technologies such as 5G communications continue to ferment. After positive and negative balances, Taiwan ’s March exports were US $ 28.27 billion, a decrease of 0.6% from the same month of the previous year; Increase by 0.5%.

Statistics show that Taiwan's exports to the mainland, Hong Kong, and ASEAN increased slightly in March, and fell to Europe, the United States, and Japan. Exports to the mainland and Hong Kong were US $ 11.74 billion, an increase of US $ 390 million (+ 3.4%) from the same month of the previous year, accounting for 41.5% of Taiwan ’s total exports. Exports to ASEAN reached US $ 4.67 billion, an increase of US $ 150 million (+ 3.4%) from the same month last year. Exports to Japan were US $ 2.02 billion, a decrease of US $ 40 million (-2.1%) from the same month last year. Exports to the US amounted to US $ 3.78 billion, a decrease of US $ 120 million (-3.1%) from the same month last year. Exports to Europe were US $ 2.47 billion, a decrease of US $ 220 million (-8.1%) from the same month of the previous year.

From January to March, Taiwan ’s exports to the mainland and Hong Kong were US $ 31.00 billion, an increase of US $ 1.94 billion (+ 6.7%), accounting for 39.4% of Taiwan ’s total exports. Exports to ASEAN amounted to US $ 13.15 billion, an increase of US $ 700 million (+ 5.6%). Exports to the US amounted to US $ 11.03 billion, an increase of US $ 440 million (+ 4.1%). Exports to Japan were US $ 5.93 billion, an increase of US $ 200 million (+ 3.5%). Exports to Europe were US $ 7.09 billion, a decrease of US $ 320 million (-4.3%).