Taiwan's exports dropped 34.3% year-on-year in April to US$14.8 billion, slower than a 35.7% fall in March, a report by the Ministry of Finance said Thursday. Economists expected exports to drop 28.3%.

Imports slipped 41.2% to US$12.7 billion, after a 49.5% drop in the preceding month, and faster than a 37.9% fall expected by economists.

The country hence recorded a trade surplus of US$2.13 billion in April, lower than the US$3.41 billion surplus in March. Economists expected the surplus to come in at US$2.15 billion.

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