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Taiwan's trade surplus increased to USD 6.87 billion in October 2024 from USD 5.76 billion in the same month of the previous year, above market forecasts of USD 6.15 billion. Exports advanced by 8.4% year-on-year to USD 41.3 billion, mainly driven by higher sales of information, communication and audio-video products (28%), base metals and articles of base metals (6.2%), parts of electronic products (6.1%), and machinery (1.5%). Meanwhile, imports rose at a softer 6.5% from a year earlier to USD 34.4 billion, primarily attributed to increased purchases of information, communication and audio-video products (18.6%), parts of electronic products (14.9%), and machinery (13.6%). Considering January to October period, the country’s trade surplus was recorded at USD 66.45 billion, 11% higher compared to the corresponding period last year, with exports rising 10% and imports increasing by 9.8%.