SIX-YEAR LOW:Exports dropped to US$22.06bn amid weak demand from all trading partners, while imports fell even more, falling 15.6 percent year-on-year last month
Date: Sat, Jan 09, 2016
By: Crystal Hsu / Staff reporter
The nation’s exports declined 13.9 percent year-on-year last month, as the
ongoing economic slowdown in China weakened demand for electronics ahead of the Lunar New Year and low crude prices dampened oil-related shipments, the Ministry of Finance said yesterday.
Outbound shipments dropped to a six-year low of US$22.06 billion last month and might remain sluggish in the coming months due to holiday disruptions and a relative high base in the first quarter of last year, the ministry said.
“The landscape might become clearer in March, when technology firms might start to build up inventory for next-generation devices,” Department of Statistics Director-General Yeh Maan-tzwu (葉滿足) told reporters. [FULL STORY]