Taiwan's exports grew 0.9 percent year-on-year in May, reversing April's 1.9 percent fall, data from the Ministry of Finance revealed Friday. Economists had forecast shipment to drop 0.8 percent.
On the other hand, imports plunged 8 percent from the previous year, after declining 8.2 percent in April. The rate of decline far exceeded the expected 2.2 percent decrease.
Driven by a recovery in exports, the trade surplus increased to $4.45 billion in May from $2.27 billion in April.
During January to May, exports advanced 1.2 percent, while imports dipped 0.9 percent, resulting in a surplus of $11.35 billion.
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