CRUDE EFFECT:Ministry of Finance statistics head Yeh Maan-tzwu said a decline in mineral exports widened last month as crude oil prices dropped to US$54.19 a barrel
Date: Aug 08, 2015
By: Crystal Hsu / Staff reporter
Exports contracted further last month from the same period last year as demand for electronics remained weak and steeper crude oil price declines sapped non-technology exports, the Ministry of Finance said yesterday.
Outbound shipments dropped 11.9 percent to US$23.55 billion last month, surprisingly down by double digits for the second straight month, though the pace eased from a 13.9 percent fall in June, Department of Statistics Director Yeh Maan-tzwu (葉滿足) said. [FULL STORY]