Taiwan Exports Fall Slightly as Trade Weathers Cooled Demand
- Overseas shipments slumped 0.5%, better than expectations
- Imports jump 8.2%, averting expectations of a 5% decline
This article is for subscribers only.
Taiwan’s exports nearly averted contraction in October, holding up much better than expected as the trade-dependent economy attempts to weather an intensifying global slowdown and dropping demand from China.
Overseas shipments dropped 0.5% in October from a year earlier, the Ministry of Finance reported Tuesday. While still the second consecutive month of declines, it was far better than the 6% contraction forecast in a Bloomberg survey of economists. It was also an improvement from September’s 5.3% decrease.