Trade
Taiwan’s Exports Fall by Most Since 2009 as World Demand Weakens
- Semiconductor exports drop by most in 14 years in January
- Turning point won’t come till 2nd half of 2023, ministry says
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Taiwan’s exports fell by the most since 2009 last month as waning global demand for technology products and the Lunar New Year holiday weighed on international trade.
Overseas shipments declined 21.2% in January from a year ago to $31.5 billion, the lowest since February 2021, data from Taiwan’s Finance Ministry showed Tuesday. Semiconductor exports fell 18.3%, the most in 14 years.