Imports also hit a new record of $116.13 billion, but the increase of three-tenths of 1 percent was smaller than the pace of export expansion.

During the 1970s, rapid export expansion extricated the country from the deficits immediately following the two oil price shocks of 1973 and 1979.

During that first period, an economic policy that emphasized export expansion and growth was implemented.

The main factor in the growth was "strong export expansion," the ministry said.

Until now, fostering economic growth through export expansion has been the easiest and safest thing to do politically.

Two promising areas for stimulating regional economic growth are export expansion and foreign tourism.

East Asia's economies can grow their way out of their current misery only if Japan similarly fuels their export expansion.

Renewed capital inflows will be necessary for investment revival and sustained growth, especially as export expansion begins to exhaust idle capacity.

In a program largely devoted to bilateral councils, as a junior staffer Hollis was assigned to the export expansion and finance desk.

Consequently, the economic policy of Taiwan changed to pursue export expansion.