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Taiwan's exports continue to fall

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Christian Fernsby ▼ | November 9, 2019
Taiwan's exports dropped 1.5 percent year on year to 28.99 billion U.S. dollars in October, falling for two consecutive months, the latest data showed.
Taiwan port containers
Asia   Taiwan port containers
The decline was mainly due to the falling exports of base metals and their products, machinery, and plastics and rubber products, according to the data from the island's economic affairs authorities.

Topics: Taiwan

For the first 10 months, Taiwan's exports dropped 2.4 percent from a year earlier to 271.27 billion dollars.

The island's imports in October fell 4.1 percent from a year ago to 25.04 billion dollars, resulting in a trade surplus of 3.95 billion dollars.

The Chinese mainland remained the biggest trade partner of Taiwan in the first 10 months, receiving 74.62 billion dollars of the island's exports, or 27.5 percent of the total.