POSITIVE SIGNS:The Ministry of Finance expects outbound shipments to continue rising at a high single-digit percentage this month amid a global economic pickup
Date: May 09, 2017
By: Crystal Hsu / Staff reporter
Exports rose 9.4 percent to US$24.32 billion last month from a year earlier, with growth decelerating from March’s 13.2 percent, as demand for electronics used in smartphones and TVs slowed in China, the Ministry of Finance said yesterday.
Despite inventory adjustments, outbound shipments are expected to continue expanding at a high single-digit percentage this month and beyond, amid a stable economic recovery worldwide, the ministry said.
“Demand for smartphones and large-sized TVs turned out weaker than expected over the Labor Day sales season, prompting firms to adjust inventory,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said.
The Chinese market accounted for 39.5 percent of Taiwanese exports and 50 percent of all electronics shipments, Tsai said. [FULL STORY]