Rise in Taiwan’s Nov exports exceeds estimations
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Taiwan’s exports climbed up in November for the second month in a row. Data from the Ministry of Finance showed that exports posted a big increase of 12.1% on a yearly basis in November, from the 9.4% in October, and beat the economists’ forecasts which called for an increase of 9.3%.
Parts of electronic products as well as the parts of base metals and articles of base metals made the largest contribution to the increase in exports by 26.9% and 15.5% year-on-year respectively.
Meanwhile, imports were also up by 3.0% annually in November, staying below the forecasts which suggested an increase of 6%.
Parts of electronic products as well as the parts of base metals and articles of base metals made the largest contribution to the increase in exports by 26.9% and 15.5% year-on-year respectively.
Meanwhile, imports were also up by 3.0% annually in November, staying below the forecasts which suggested an increase of 6%.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
- US PE exports hit record high for 2020 despite production and logistics hurdles
- African PP, PE markets firmer on continued tightness in supplies
- Lack of sales pressure supports SEA PE markets
- Will soaring prices attract PP, PE imports to Europe?
