Taiwan Exports Fall in March as Chips Demand Remains Weak
- Overseas shipments drop 19.1% y/y in March: Finance Ministry
- Government sees exports declining in next several months
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Taiwan’s exports declined more than expected in March as global demand for electronics remained weak, suggesting the worst is not yet over for the trade-dependent economy.
Overseas shipments fell 19.1% last month from a year earlier, the Ministry of Finance said Tuesday. That was worse than the median estimate of a 15.4% fall in a Bloomberg survey of economists, and compared to February’s 17.1% plunge.