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Taiwan's foreign trade surplus increased in May from a year ago, as exports grew faster than imports, preliminary data from the Ministry of Finance revealed Friday.
The trade surplus climbed to $4.41 billion in May from $3.45 billion in the corresponding month last year. The expected surplus for the month was $4.32 billion.
The surplus also increased from $4.15 billion in April.
Exports registered a double-digit growth of 14.2 percent year-over-year in May, faster than economists' forecast for a spike of 12.0 percent.
Imports rose 12.0 percent in May from a year earlier versus the expected increase of 9.0 percent.