India, Aug. 7 -- Taiwan's foreign trade surplus increased in July from a year ago, preliminary figures from the Ministry of Finance revealed on Friday.

The trade surplus rose to $17.2 billion in July from $14.4 billion in the corresponding month last year. The surplus also grew from $12.2 billion in June. The expected surplus was $16.5 billion.

Exports surged 32.9 percent annually in July, and imports were 37.4 percent higher.

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