Taiwan exports rocket to record high, outlook rosy

TAIPEI: Taiwan’s exports rose in January for the seventh consecutive month, with the unexpectedly strong pace setting a new record as its manufacturers benefited from consumers staying at home during the COVID-19 pandemic and new technologies such as 5G.

Exports jumped 36.8% from a year earlier to $34.27 billion in January, the highest monthly figure on record, the Ministry of Finance said on Monday, though it was helped by a low base with the week-long Lunar New Year holiday falling in January last year.