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Taiwan's trade surplus with China increases 12.8%

Taiwan enjoyed a trade surplus of US$3.98 billion with China in January, representing a year-on-year increase of 12.8 percent, the latest governmental tallies show.

Officially-registered two-way trade between Taiwan and China totaled US$9.5 billion in the first month of this year, up 15.4 percent from the same month last year, the statistics released yesterday by the Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs showed.

Taiwan's officially-registered two-way trade with China in January constituted 22.2 percent of the country's foreign trade posted that month, a year-on-year increase of 0.4 percentage points, the BOFT tallies show.

Taiwan imported US$2.76 billion worth of products and services from China in January, up 17.3 percent year-on-year.

The imports constituted 13.4 percent of Taiwan's entire import trade that month, a slight increase of 0.3 percentage points year-on-year, the BOFT statistics show.

Taiwan exported US$6.74 billion worth of goods and services to China in January, up 14.6 percent from the previous year.

The exports made up 30.4 percent of the country's export trade that month, an increase of 0.7 percentage points year-on-year.

As a result, Taiwan posted a trade increase of 12.8 percent year-on-year.
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