TRADE DEPENDENT: Order momentum is expected to recover with the Lunar New Year holiday next month, as well as an increase in new-technology applications
Taipei Times
Date: Dec 21, 2019
By: Natasha Li / Staff reporter
Export orders slipped at the fastest rate in four months, falling to US$44.53 billion last month, the 13th month of consecutive annual declines as the US-China trade dispute weakened demand and delayed smartphone launches by global brands, the Ministry of Economic Affairs said yesterday.
Last month’s export orders dropped 6.6 percent year-on-year to the weakest since August, ministry statistics showed.
In the first 11 months of this year, export orders dipped 5.9 percent to US$440.77 billion from the same period last year.
Export orders are likely to decline further this month, a survey conducted by the ministry showed.
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