Taiwan recorded total export value of US$27.25 billion in March 2011,a record total and an increase of 16.7% on year, while the corresponding total import value of US$25.48 billion was also a monthly record, according to statistics released by the Ministry of Finance (MOF) on April 11.
Among different categories of Taiwan-made products, electronics had the largest export value of US$7.022 billion in March, rising by 19.9% on month and by 11.4% on year.
The January-March total export value of US$73.83 billion and total import value of US$69.26 billion were both quarterly records.
| Taiwan main export markets and export values (US$m) |
| Export market | March 2011 | January-March 2011 |
| Export value | Proportion of total value | Trade balance* | Export value | Proportion of total value | Trade balance* |
| China plus Hong Kong | 11,245.3 | 41.3% | 7,018.6 | 30,188.0 | 40.9% | 19,479.8 |
| US | 2,963.1 | 10.9% | 499.5 | 9,269.8 | 12.6% | 1,315.2 |
| Europe | 3,056.4 | 11.2% | 274.2 | 7,869.0 | 10.7% | 561.4 |
| Japan | 1,465.3 | 5.4% | -3,328.2 | 4,425.8 | 6.0% | -9,209.5 |
* Export value minus import value
Source: MOF, compiled by Digitimes, April 2011