Taiwan's exports and imports declined more than expected in March, data from the Ministry of Finance revealed Monday.
Exports logged a double digit annual fall of 11.4 percent in March, bigger than the expected 9.5 percent decrease but slower than February's 11.8 percent fall.
At the same time, imports decreased 17 percent annually after easing 13.1 percent a month ago. This was the biggest fall in five months. Economists had forecast a 15 percent decrease.
The trade surplus rose to $4.5 billion in March from $4.15 billion in the previous month. It was also the biggest surplus since October, when it totaled $5.7 billion. The expected surplus was $4.3 billion.
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