TAIPEI (dpa-AFX) - Taiwan's export growth decelerated in January, figures from the Ministry of Finance showed Tuesday.
Exports growth halved to 7 percent year-on-year in January from December's 14 percent. This was also slower than the expected 8 percent. Nonetheless, exports increased for the the fourth straight month.
Similarly, imports grew only 8.4 percent annually after expanding 13.2 percent in December. Economists had forecast 10.4 percent growth for January.
On a monthly basis, exports fell 7.6 percent and imports slid 2.8 percent. Consequently, the trade surplus declined more-than-expected to $3.49 billion from $4.86 billion in the prior month. The expected level was $3.67 billion.
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