08.06.201806:17:00UTC+00Taiwan Trade Surplus Grows In May

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.