TAIWAN URGES CAUTION DESPITE EXPORT GROWTH IN MAY

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June 9, 2013

TAIPEI – Taiwan’s Bureau of Foreign Trade has urged caution in response to an upturn in Taiwan's exports in May, which rose an anaemic 0.9% annually, despite the Board expecting continued growth in exports during the (northern) summer. The uptick in May exports was driven by 13.9% growth in shipments of cell phones and mobile devices, which had shrunk by between 11.9% and 20.5% in the three previous months, according to Ministry data. Total exports in May were 5.2% higher than in April, but officials called for caution amid uncertainties in the global economic recovery.