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Taiwan February exports up on year

Adam Hwang, DIGITIMES, Taipei 0

Taiwan recorded exports totaling US$27.79 billion in February 2021, slipping 18.9% sequentially and but growing 9.7% on year, while imports in the month reached US$23.28 billion, down 17.1% sequentially but up 5.7% on year, according to the Ministry of Finance (MOF).

Electronic components had the highest export value of US$10.738 billion in February, decreasing 19.2% sequentially but increasing 14.4% on year, with ICs taking up 90.7%.

Exports of US$62.06 billion and imports of US$51.36 billion for January-February 2021 rose 23.2% and 17.7% respectively on year.

MOF: Taiwan's main export markets, February 2021 (US$m)

Export market

Feb 2021

Jan-Feb 2021

Exports

Proportion of total

Trade balance

Exports

Proportion of total

Trade balance

China plus HK

11,257

40.5%

6,651

26,109

42.1%

14,538

Six ASEAN countries

4,719

17.0%

1,886

10,255

16.5%

3,932

US

3,911

14.1%

1,347

8,584

13.8%

2,922

Europe

2,377

8.6%

(808)

5,178

8.3%

(1,081)

Japan

2,006

7.2%

(1,746)

4,332

7.0%

(3,530)

Source: MOF, compiled by Digitimes, March 2021