Home Economy Taiwan Exports Fall For Fourth Month

Taiwan Exports Fall For Fourth Month

by RTTNews Staff Writer

Taiwan’s exports dropped for a fourth consecutive month in February and imports logged a double-digit decline, figures from the finance ministry showed on Friday.

Merchandise exports declined 8.8 percent year-on-year following a 0.3 percent fall in January.

Imports dropped 19.7 percent year-on-year in February after a 6.8 percent rise in the previous month.

The trade surplus registered a 59.7 percent rise from a year ago to US$4.93 billion.

Among leading export commodities, shipments of parts of electronic product, base metals and articles of base metal, machinery, plastics and rubber and articles declined.

In contrast, exports of information, communication and audio-video products increased.

Imports of parts of electronic product, mineral products, chemicals, base metals and articles of base metal fell in February.

Region-wise, exports to Mainland China & Hong Kong, ASEAN, Japan and Europe declined, while those to the USA grew.

Imports from Mainland China & Hong Kong, ASEAN, Japan, U.S.A. and Middle East declined.

In the January-February period, exports decreased 4.1 percent from a year ago and imports fell 4.8 percent.

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