Taiwan's exports to the mainland rose again in July
Xinhua News Agency, Taipei, August 7 (Reporters Fu Shuangqi and Wu Jihai) The financial affairs department of the Taiwan authorities announced on the 7th that Taiwan’s exports to the mainland (including Hong Kong) in July reached 12.58 billion US dollars, an increase of 12.7% over the same period last year, accounting for Taiwan’s total With 44.6% of the export value, the mainland (including Hong Kong) continues to be the largest export market in Taiwan.
Statistics show that in the first seven months of this year, Taiwan’s exports to the mainland (including Hong Kong) were US$79.43 billion, a record high for the same period in the past year and an increase of 10.2% over the same period last year.
Among the five major export regions of Taiwan, except for the mainland (including Hong Kong), only exports to the United States increased by 7.8% year-on-year in July, while exports to Europe, ASEAN, and Japan all decreased year-on-year.
In terms of imports, Taiwan’s imports from the mainland (including Hong Kong) in July amounted to US$5.23 billion, a year-on-year increase of 1.4%. At the same time, imports from Japan and ASEAN increased year-on-year, while imports from the United States, Europe and the Middle East all declined. Among them, imports from the United States dropped by 17.6% compared with the same month last year.
Taiwan’s total exports in July were US$28.2 billion, a year-on-year increase of 0.4%, ending four consecutive months of negative growth; imports were US$22.83 billion, a year-on-year decrease of 6.8%.
Taiwan’s financial affairs department said that the increase in Taiwan’s exports in July benefited from the application of new technology products such as 5G communications. However, the global new crown pneumonia epidemic is still severe and uncertainty is increasing, which highly restricts the pace of international economic recovery and is not conducive to maintaining Taiwan’s export momentum.