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Economics

Taiwan Exports Set to Fall Again on Plummeting Chinese Demand

  • Overseas shipments likely contracted 6% in October: survey
  • Causes include drop in demand from China, global slowdown
China and Hong Kong buy about 40% of Taiwan’s total exports, making those markets key trading partners.

China and Hong Kong buy about 40% of Taiwan’s total exports, making those markets key trading partners.

Photographer: Lam Yik Fei/Bloomberg

Taiwan likely recorded its worst export growth in nearly three years as the global slowdown intensifies and demand from China continues to drop, jeopardizing a vital part of the trade-dependent economy’s growth. 

Overseas shipments are expected to have contracted 6% in October from a year earlier, according to the median estimate of economists surveyed by Bloomberg. That would be the worst fall since January 2020, when exports dropped 7.6%.