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

Taipei Times
Date: Mar 21, 2020
By: Natasha Li / Staff reporter

Export orders declined 0.8 percent year-on-year last month to US$28.68 billion as the COVID-19 pandemic disrupted production, supply chains and logistics in China, the Ministry of Economic Affairs said yesterday.

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]