Taiwan’s exports hit all-time high in 2020

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(Taiwan Today)

Taiwan’s exports grew 4.9 percent year on year to an all-time high of US$345.28 billion in 2020, while imports rose 0.3 percent to US$286.49 billion, according to the Ministry of Finance Jan. 8.

The growth in exports can be attributed to increasing demand for electronics and information and communications technology products caused by the spike in remote work and online learning over the past year, as well as sustained expansion of emerging technologies such as 5G applications, the MOF said.

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