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Taiwan's exports grow in January

Xinhua, February 7, 2017 Adjust font size:

Taiwan's exports in January were 7 percent up on last year, fourth consecutive monthly increase, but growth is slowing, according to the island finance authority Tuesday.

January's exports reached 23.7 billion U.S. dollars, due to demand for semiconductors, rising crude and base metals prices, and more trade with Chinese mainland.

Export growth was substantially less than December's 14 percent, most likely due to the Chinese New Year holiday.

Taiwan's January exports to the mainland expanded by 12.7 percent year on year, followed by 11.3 percent growth of exports to southeast Asia. Exports to Japan fell by 1.6 percent year on year.

This year's exports are expected to be better than last, driven by a recovering global economy. However, prospects may be affected by U.S. government action and the industrial transformation of the mainland. Endi