Taiwan’s foreign trade surplus increased notably in December from a year ago, as exports grew faster than imports, preliminary data from the Ministry of Finance revealed Monday.
The trade surplus rose to $6.13 billion in December from $4.9 billion in the corresponding month last year.
In November, the surplus was $5.96 billion. The expected surplus for December was $5.7 billion.
Exports surged 14.8 percent year-over-year in December, much faster than the 9.4 percent gain economists had forecast.
Similarly, imports advanced 12.2 percent yearly in December, faster the expected level of 9.1 percent.
The material has been provided by InstaForex Company – www.instaforex.com
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