Wednesday, June 6, 2012

Taiwan’s exports remained listless

l  Amidst continued global economic uncertainty, Taiwan’s exports took another beating in April as the value of export orders received fell from a year earlier.

l  Export orders totaled just US$36.09 billion in April, down 3.52 percent year-on-year and 5.95 percent from March. Among the reasons, a high base period in April 2011 and seasonal adjustments for information and communications products were considered primary.

l  Though China remained Taiwan's largest source of export orders, the total amount fell 7.8 percent in April from a year earlier to US$9.26 billion. It was the fifth consecutive month that export orders from China have posted a decline.

l  Overall, the outlook for May is not encouraging since some of Taiwan’s export markets—from China, Japan, the European Union (EU) to the United States—have been struggling economically.

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