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Taiwan Posts Shock Export Order Fall on China Covid Curbs

  • Orders dropped 5.5% from a year ago, worse than expectations
  • China lockdowns hit production capacity, government says
A gantry crane at the Port of Keelung in Keelung, Taiwan.

A gantry crane at the Port of Keelung in Keelung, Taiwan.

Photographer: I-Hwa Cheng/Bloomberg
Updated on

Taiwan’s export orders fell in April for the first time since 2020 as Covid lockdowns in China weighed on production capacity for major Taiwanese companies. 

Orders dropped 5.5% from a year earlier, a far worse outcome than the 11.5% gain expected by economists surveyed by Bloomberg. It was the first drop in orders since February 2020, when the pandemic began, and the worst drop since January 2020, when orders fell 12.8% on year.