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%.