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Taiwan Oct exports up 14.4 pct yr-on-yr vs 10.6 pct rise in Sept

TAIPEI (XFN-ASIA) - Taiwan's exports in October grew 14.4 pct year-on-year to an all-time high of 22.69 bln usd, compared with the 10.6 pct rise to 22.22 bln usd posted in September, the Ministry of Finance (MoF) said.

The total amount of exports by value set a new record for the fifth consecutive month.

Imports in October rose 9.8 pct year-on-year to 19.20 bln usd, its second-highest level ever, against a 10.5 pct increase to 19.07 bln usd in the preceding month, it said. Trade in October resulted in a surplus of 3.49 bln usd, widening from a surplus of 3.15 bln in September, the MoF said.

For the first 10 months of the year, the trade surplus stood at 20.92 bln usd, up 31.0 pct from the same period a year earlier. Exports in the January-October period rose 8.9 pct to 201.41 bln usd, while imports rose 6.9 pct to 180.49 bln usd. adela.lin@afxasia.com pw/al/kmq xfnal/xfnkm COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.

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