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Taiwan's Trade Surplus Balloons to $17.9 Billion in May

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Taiwan's trade surplus expanded to $17.9 billion in May from $12.6 billion in the same month last year, according to data from the Ministry of Finance on Tuesday.

The latest figure was higher than the $14.4 billion recorded in April, and beat the consensus forecast of a $15.2 billion surplus, according to Investing.com.

Exports rose 51.7% year over year to $78.5 billion, beating the consensus forecast for 37.9% growth.

Imports increased 54.9% to $60.6 billion. The consensus forecast was for a 37.4% rise.

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