After a Lunar New Year effect skewed February's growth numbers, a moderation of Year-on-Year growth in March was inevitable. However, export and import growth both ended up beating expectations. Exports grew by 18.6% YoY and imports grew by 28.8% YoY, though in net this resulted in a smaller than forecasted USD 6.95bn trade surplus on the month. By export product, Taiwan's key exports of semiconductors (20.6%), computers (40.1%), and computer parts (50.9%) all saw robust growth, while other export categories were generally on the weak side. By export destination, the country with the highest export growth on the ... (full story)