Rise in Taiwan’s exports, imports slow in Jan
Base metals and articles of base metals, parts of electronic products and machinery made the largest contribution to the increase in exports by 13.7%, 10% and 7.9% year-on-year respectively.
Meanwhile, imports were also up by 8.4% annually in January, slower than an increase of 13.2% in December. The January import figure also missed the forecasts which suggested an increase of 10.4%.
Imports of mineral products, parts of electronic products and base metals and articles of base metals posted the biggest annual increases of 36.4%, 14.9% and 13% respectively.
On a monthly basis, however, both exports and imports dropped by 7.6% and 2.8% respectively.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September