Taiwan recorded total export value of US$24.19 billion in October, rising by 8.0% on month and by 21.9% on year, while the corresponding total import value of US$21.21 billion also increased by 2.8% and 27.9% respectively, according to statistics released by the Ministry of Finance (MOF) on November 8.
Among different categories of Taiwan-made products, electronics had the largest export value of US$7.251 billion in October, rising by 24.7% on year.
The total export value of US$226.44 billion and total import value of US$205.22 billion for January-October grew on year by 38.4% and 48.6% respectively.
| Taiwan's main export markets and export values (US$m) |
| Export market | October 2010 | January-October 2010 |
| Export value | Proportion of total value | Trade balance* | Export value | Proportion of total value | Trade balance* |
| China plus Hong Kong | 9,710.8 | 40.1% | 6,361.8 | 95,094.4 | 42.0% | 64,807.4 |
| US | 2,885.3 | 11.9% | 748.8 | 25,802.5 | 11.4% | 5,361.4 |
| Europe | 2,679.5 | 11.1% | 606.1 | 23,601.1 | 10.4% | 2,613.4 |
| Japan | 1,625.1 | 6.7% | -2,862.1 | 15,035.4 | 6.6% | -27,891.0 |
* Export value minus import value
Source: MOF, compiled by Digitimes, November 2010