Taiwan’s export orders down for 12th straight month in October

Taiwan News
Date: 2019/11/21
By: Central News Agency

As global trade disputes have continued to affect demand, Taiwan, an export-oriented economy,

(CNA photo)

saw its export orders falling year-on-year for the 12th consecutive month in October, the Ministry of Economic Affairs (MOEA) said Wednesday.

Data compiled by the ministry shows that the country's export orders fell 3.5 percent from a year earlier to US$47.28 billion after a year-on-year decline of 4.9 percent in September.

On a month-on-month basis, however, export orders rose 3.9 percent on the back of the peak-eason effect in the global electronics industry, and after seasonal adjustments, also grew 0.8 percent, the data shows.

In October, almost all of the major industries in Taiwan suffered a year-on-year drop in export orders, with the exception of the electronic component industry, which posted a new high of US$12.95 billion in export orders, up 1.7 percent from a year earlier and up 4.7 percent from a month earlier, the MOEA said.    [FULL  STORY]

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