TURNING IT AROUND: Manufacturers in ‘all product categories’ have started to shift production back to Taiwan ‘to mitigate the effects’ of COVID-19 on China’s supply chain
Date: Mar 21, 2020
By: Natasha Li / Staff reporter
On a monthly basis, export orders contracted 18.8 percent from US$35.31 billion, ministry statistics showed.
The ministry said it expects the decline to accelerate this month.
Orders for information and communications technology (ICT) products, one of Taiwan’s most important export categories, was most affected as orders fell 23.4 percent year-on-year to US$6.05 billion. [FULL STORY]