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Taiwan Trade Surplus Rises In January

Taiwan's trade surplus increased in January as imports declined faster than exports, figures from the Ministry of Finance showed on Friday.

The trade surplus increased to US$3.458 billion in January from US$2.502 billion in December. Economists had expected a surplus of US$1.66 billion. In the same month last year, the trade surplus was US$875 million.

Exports fell 7.6 percent year-on-year in January, after a 4.0 percent rise in December.

Imports dropped 17.7 percent annually in January, after a 13.9 percent gain in the previous month.

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