Taiwan's March Export Value Hits $53.7 Billion... Up 33.3% YoY
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[Asia Economy Reporter Yu Je-hoon] Taiwan's export value in March surged by 33.3% compared to the previous year, marking 13 consecutive months of growth.
According to the Taiwan Ministry of Economic Affairs Statistics Department on the 26th, Taiwan's export value in March reached $53.7 billion (approximately 59.79 trillion KRW). This represents a 33.3% increase compared to the same period last year.
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Among Taiwan's March exports, the share to Mainland China and Hong Kong accounted for about 26.2% (approximately 15.9 trillion KRW). In particular, exports to Mainland China and Hong Kong increased by 47% year-on-year in the first quarter. This is interpreted as a result of increased semiconductor-related imports in China due to the semiconductor supply shortage.
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