Friday, April 20, 2012

Outlook of Taiwan’s exports remains unclear

l  Taiwan’s exports in March rose 12.6 percent from a month earlier to US$26.34 billion. However, Taiwan's exports totaled just US$70.83 billion in the first quarter, down 4 percent from the same period last year, and March’s total exports were also down 3.2 percent year-on-year, reflecting the anticipated slowdown in Taiwan’s external trade brought on by global economic uncertainty.

l While the economic outlook for the US and Europe remains unclear, Taiwan's March exports to Southeast Asia, including Vietnam, Indonesia, Malaysia, Philippines, Singapore and Thailand, grew by an impressive 11 percent year-on-year.

l  Short of a dramatic turnaround in the European and US economies, faltering global demand and waning consumer confidence will continue to hamper Taiwan’s export performance in the second quarter. Taiwan government also does not expect strong growth for the island's exports in the foreseeable future.

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