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Trade with PRC in '07 expected to generate record surplus

Trade with PRC in '07 expected to generate record surplus

Bilateral trade with China in 2007 is expected to generate a record surplus of US$42 billion for Taiwan, according to statistics released by the Bureau of Foreign Trade yesterday.
The trade figures show that two-way trade across the Taiwan Strait in the first 10 months of 2007 amounted to US$83.47 billion. Exports to China totaled US$60.5 billion, while imports were worth US$22.97 billion, resulting in a surplus of US$37.53 billion.
BOFT officials predicted that Taiwan will enjoy a surplus of US$42 billion in its 2007 trade with China, up from the US$38.55 billion for 2006.
Two-way trade in October totaled US$9.36 billion. Exports to China in that month amounted to US$6.9 billion, up 20.4 percent from October 2006 and accounting for 30.4 percent of Taiwan's total exports in October.
Imports from China reached US$2.47 billion in October, representing an increase of 7.6 percent over the same month of 2006 and accounting for 12.8 percent of Taiwan's total imports for that month.