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Taiwan records 2.6% increase in exports in August – data

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(Xinhua/NAN) Taiwan’s trade data, on Monday, showed that Taiwan’s exports rose 2.6 per cent year-on-year to $29 billion in August after slumping for months.

According to economic affairs authorities, the island’s imports fell 2.7 per cent from the previous year to $23.02 billion, resulting in a trade surplus of $5.98 billion.

The rise was fuelled by exports of parts of electronic products and information, communication and audio-video products, which grew by 7.5 per cent and 31.4 per cent respectively, the data showed.

For the first eight months, exports dropped by 2.3 per cent from a year earlier to $215.41 billion.

The Chinese mainland remained the biggest trade partner of Taiwan in the first eight months, receiving nearly $57.95 billion of the island’s exports, or 26.9 per cent of the total, according to the data. (Xinhua/NAN)

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Edited by Hadiza Mohammed/Abdulfatah Babatunde

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