Trade
Taiwan’s Exports Fell in October in Sign Demand Remains Weak
- Officials see outbound trade returning to growth this month
- Imports declined 12.3%, less than economists had forecast
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Taiwan’s exports fell in October, tempering earlier signs of optimism that global demand for the island’s tech products is rebounding.
Overseas shipments dropped 4.5% last month from a year earlier, the Ministry of Finance said in a statement on Tuesday. That was despite exports rising in September for the first time in more than a year. A Bloomberg survey of economists predicted exports would stay flat.