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Taiwan’s exports see fresh declines in March

by ChemOrbis Editorial Team -
  • 11/04/2016 (13:41)
According to media reports, Taiwan’s exports continued to decline year over year in March for a 14th consecutive month following double digit falls in the first two months of 2016, signalling a tenth consecutive month of double digit export declines in March.

Taiwan’s exports are likely to drop on the back of retreating global oil prices, an economic slowdown in China and a weaker than expected global recovery. According to Finance Minister Chang Sheng-Ford, Taiwan is not likely to be able to post a year over year increase in exports by the third quarter of this year.

In January, Taiwan’s exports fell to $22.2 billion as outbound sales dropped 13.7% from a year earlier. On a yearly basis, exports fell 11.8% in February to $17.78 billion. Taiwan’s precise March data is slated for release within the next few days.
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