News3-Taiwan Jan exports beat expectations, but outlook uncertain

News3-Taiwan Jan exports beat expectations, but outlook uncertain

It has been recorded that Taiwan's export grew faster than expectation in January, while import slid on lower oil price, leading to a outlook uncertainty on whether Taiwan's key tech sector can maintain its boom from 2014.

Taiwan's export grew 3.4% last month, which is higher than the expected growth of 2.58%. Officials and economists attributed the slide in import value to the fall in global price as Taiwan import most of its oil. Meanwhile, Taiwan's tech sector continues to boom benefited from launches of high-profile tech gadgets such as iPhone. However, it has been criticized by KGI Securities economist Andrew Tsai that the contribution of major tech products to Taiwan's export will be limited, leading to uncertainties in Taiwan's outlook.

Source:

http://www.reuters.com/article/2015/02/09/taiwan-economy-exports-idUSL4N0VJ26420150209