$EWT Taiwan's trade surplus hits record $27.9bn
Taiwan's October trade surplus hit $27.9bn NSA (vs $23.6bn prior), according to @GoldmanSachs. Exports rose 7.1% mom sa. Tech accounted for all sequential export growth.
Tech exports rose +7.6% mom sa, led by information/communication/audiovisual products at +8.4% mom sa. The export strength is concentrated in high-value tech.
Exports to the US rose 13.2% mom sa and accounted for 60% of headline export growth. The US is Taiwan's largest export market. October's gains show how much Taiwan's export momentum depends on tech demand and US buyers.
Taiwan's October trade surplus hit $27.9bn NSA (vs $23.6bn prior), according to @GoldmanSachs. Exports rose 7.1% mom sa. Tech accounted for all sequential export growth.
Tech exports rose +7.6% mom sa, led by information/communication/audiovisual products at +8.4% mom sa. The export strength is concentrated in high-value tech.
Exports to the US rose 13.2% mom sa and accounted for 60% of headline export growth. The US is Taiwan's largest export market. October's gains show how much Taiwan's export momentum depends on tech demand and US buyers.