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Taiwan May exports robust

Adam Hwang, DIGITIMES, Taipei 0

Taiwan recorded exports totaling US$42.08 billion in May 2022, the second highest monthly level with growth of 1.5% sequentially and12.5% on year, while the corresponding imports of US$39.68 billion hit a record high with increases 8.5% sequentially and 26.7% on year, according to the Ministry of Finance (MOF).

Electronic components had the largest export value of US$16.705 billion in May, slipping 2.9% sequentially but growing 25.9% on year, with ICs taking up 91.6% of the value.

The total export value of US$204.48 billion and import value of US$181.41 billion for January-May rose 20.1% and 26.0% respectively on year.

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

Export market

May 2022

Jan-May 2022

Export value

Proportion of total

Trade balance

Export value

Proportion of total

Trade balance

China plus HK

15,808

37.6%

7,499

81,630

39.9%

44,273

Six ASEAN countries

7,336

17.4%

2,685

34,190

16.7%

11,860

US

6,281

14.9%

2,055

31,221

15.3%

12,373

Europe

3,599

8.6%

(1,061)

17,359

8.5%

(3,735)

Japan

2,850

6.8%

(1,682)

13,446

6.6%

(10,369)

Source: MOF, compiled by DIGITIMES, June 2022