Taiwan November exports up again, boosted by new phones

TAIPEI: Taiwan’s exports rose in November for the fifth consecutive month and at a stronger-than-expected pace, boosted by surging global demand for the island’s electronic goods as people work from home during the COVID-19 pandemic and new phone launches.

Exports jumped 12.0% from a year earlier to $31.99 billion in November, the second highest on record for any month, the Ministry of Finance said on Monday.

Analysts in a Reuters poll had forecast a rise of 8.4% for last month, compared with 11.2% in October.