Taiwan January exports rocket to record high, outlook rosy



Reuters Staff | Reuters

TAIPEI (Reuters) – Taiwan’s exports rose in January for the seventh consecutive month, with the unexpectedly strong pace setting a new record as its manufacturers benefited from consumers staying at home during the COVID-19 pandemic and new technologies such as 5G.

Exports jumped 36.8% from a year earlier to $34.27 billion in January, the highest monthly figure on record, the Ministry of Finance said on Monday, though it was helped by a low base with the week-long Lunar New Year holiday falling in January last year.

Analysts in a Reuters poll had forecast a rise of 15% for last month, compared with a 12% jump in December.

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