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Taiwan's exports rebounded at a faster than expected pace in August, figures from the Ministry of Finance showed Monday.
Exports grew 2.6 percent year-on-year in August, in contrast to a 0.5 percent drop in July. Economists had forecast an annual growth of 0.9 percent.
At the same time, imports decreased at a slower pace of 2.7 percent after falling 5.4 percent in July. Imports were forecast to grow 0.2 percent.
Driven by higher exports and lower imports, the trade surplus advanced to $5.97 billion from $3.56 billion in the previous month. This was also above the expected level of $4.4 billion.
