Taiwan’s exports rose at their fastest rate in over two years in October, suggesti8ng strong year-end shopping demand for hi-tech goods remains on track.
Exports related to microchips and smartphone components rose by double-digit percentages, and a surge in imports bolstered by chip-making equipment suggested more gains ahead.
“It reflects a positive outlook for future export business,” the ministry said in a statement.
October’s exports rose 9.4 percent from a year earlier, better than expectations.
Exports to China rose 14.9 percent from a year earlier, while exports to the United States, Europe and Japan all reversed their September on-year declines.