Taiwan’s exports and imports raised in January

Beijing. February 28. Silkroadnews - According to the report by the Taiwan Institute of Economic Research (TIER), growth rates of Taiwan’s exports and imports were expressed in double digits in January, mainly due to the global economy and demand recovery for the Chinese Lunar New Year celebration period, Xinhua reports.
The report said, Taiwan’s exports in January raised 15.33% compared to the same period of last year, growing at a double-digit pace for three consecutive months.
“Driven by the demand for consumer goods ahead of the Chinese Lunar New Year, Taiwan's imports in January increased 23.3 percent compared with the same period last year. Taiwan's trade surplus in January stood at $2.42 billion, down 30.8 percent from the same period last year, according to the TIER report,” the publications reads.
Due to the growth of the world economy in 2018, the information and communication industry of Taiwan, as well as the sectors of manufacturing, service and construction, are optimistic about the prospects for the next six months.