TAIPEI (Taiwan News) — Taiwan’s exports surged by 38.7 percent in April compared to the same month last year, recording the 10th consecutive month of improving export performance, the Ministry of Finance (MOF) said Friday (May 7).
The percentage of growth for exports was in double digits for the second month running, CNA reported. For the period of January-April, exports were 28 percent higher than during the first four months of 2020.
April’s exports were valued at US$34.96 billion (NT$974.56 billion), while the total for January-April 2021 stood at US$132.91 billion. This year’s rise was partly the result of a low comparative base, the MOF said.
Taiwan’s trade surplus had reached US$20.55 billion for January-April, or US$8.52 billion more than the same period last year.
Despite the coronavirus pandemic, Taiwan’s economy has shown remarkable resilience, with the government estimating economic growth for the first quarter of the year at 8.16 percent, the most in more than a decade.