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Taiwan November export value down on month, up on year

Adam Hwang, DIGITIMES, Taipei
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Taiwan recorded a total export value of US$24.89 billion in November 2012, decreasing 6.2% on month but increasing 0.9% on year, while the corresponding total import value of US$21.49 billion slipped 0.9% on month but rose 0.1% on year, according to statistics released by the Ministry of Finance (MOF) on December 7.

Among different categories of Taiwan-made products, electronics had the largest export value at US$7.137 billion in November, dipping 1.9% on month but growing 7.4% on year.

January-November total export value of US$275.01 billion and total import value of US$248.76 billion dropped on year by 3.3% and 4.3% respectively.

Taiwan main export markets and export values, November 2012 (US$m)

Export market

November 2012

January-November 2012

Export value

Proportion of total value

Trade balance*

Export value

Proportion of total value

Trade balance*

China plus Hong Kong

9,947

40.0%

6,387

108,190

39.3%

68,409

US

2,700

10.8%

974

30,283

11.0%

8,766

Europe

2,147

8.6%

-237

26,093

9.5%

449

Japan

1,696

6.8%

-1,791

17,201

6.3%

-26,524

* Export value minus import value
Source: MOF, compiled by Digitimes, December 2012