Trade
Taiwan Export Orders Fall in September on Weak China Demand
- Orders drop 3.1%, better than estimates but worse than August
- China’s slow economic recovery a factor, officials say
The Port of Keelung in Keelung, Taiwan.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
Taiwan’s export orders contracted for the third time this year in September as demand from China continues to fall, the latest sign the trade-dependent economy is under growing pressure.
Orders dropped 3.1% in September compared to the same month last year, according to a Thursday statement from Taiwan’s Ministry of Economic Affairs. That was better than the median estimate of a 5% decline in a Bloomberg survey of economists, but worse than August’s 2% growth.