Forex News

In May, Taiwan's trade surplus rose

Taiwan's foreign trade surplus increased in May from last year, as exports grew faster than imports, according to preliminary data from the Ministry of Finance.

The surplus increased to $ 4.41 billion in May from $ 3.45 billion in the corresponding month of the previous year . The expected surplus for the month amounted to $ 4.32 billion.

The conspicuous balance also increased from $ 4.15 billion in April.

In May, exports showed double-digit growth of 14.2 percent compared to the same period last year, which was higher forecast of economists, an increase of 12.0 percent.

Imports increased by 12.0% in May from the beginning of the year against the expected increase of 9.0%.