Taiwan's exports grew 11.7 percent in October to $27 billion from a year earlier, though sales of goods in the key electronics sector rose only 1.8 percent to $7.4 billion.
The Finance Ministry said Monday that imports for the month rose 11.8 percent compared to the 2010 figure of $23.7 billion.
But a downturn is widely feared as signs of weakness in U.S. and European economies _ the biggest markets for Taiwan's high-tech goods _ jolt global financial markets.
China, including Hong Kong, was the island's most important export market in October, accounting for purchases of $10.5 billion worth of goods, up 8.2 percent from a year earlier.
The U.S. came in second at $3.23 billion. That was up 11.9 percent on the 2010 figure.