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TAIWAN'S TRADE SURPLUS WITH CHINA DROPS TO 8-YEAR-LOW.

AsiaPulse News

| April 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, April 1 Asia Pulse - Taiwan's trade surplus with China in January hit the lowest single-month level in eight years as exports to China continued to be throttled by declining demand, according to a report released Monday by the Ministry of Economic Affairs.

Total trade with China amounted to US$4.1 billion in January, down 56.8 per cent from the same month last year, according to the ministry's Bureau of Foreign Trade (BOFT).

Exports plunged by 59 per cent year-on-year to US$2.76 billion -- the fifth consecutive month in which a year-on-year decline was recorded. Meanwhile, imports from China declined from the same period a year earlier for the fourth consecutive month, plummeting 51.5 per cent to US$1.34 billion.

January's exports to China as a percentage of Taiwan's total exports stood at 22.3 per cent, a record decline of ...

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Source: HighBeam Research, TAIWAN'S TRADE SURPLUS WITH CHINA DROPS TO 8-YEAR-LOW.

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