Export orders plunge to 2009 levels

FLOW ON:Some companies in southern Taiwan told the Ministry of Economic Affairs that they would adjust shipping dates because the Feb. 6 earthquake had affected performance

Taipei Times
Date: Feb 25, 2016
By: Lauly Li / Staff reporter

The nation’s export orders plunged 12.4 percent to US$34.19 billion last month, representing the largest scale of annual decline since June 2009, mainly due to a weak international economy and sluggish demand for handheld devices, the Ministry of Economic Affairs said yesterday.

The monthly result also marked the 10th consecutive month of annual decline, ministry data showed.

As negative factors, such as the weak global economy and volatility in international crude oil and stainless steel prices persist, the ministry said it expects the nation’s export orders to linger in the negative territory this quarter.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.