Taiwan Exports Grow by Most Since 2022 But Still Fall Short
- Shipments turn positive but come in below economist estimates
- Imports plunge as purchases of semiconductor equipment shrink
This article is for subscribers only.
Taiwan’s exports recorded their highest increase in more than a year but still fell short of market expectations, tempering enthusiasm for a quick rebound in global demand for the trade-dependent economy.
Overseas shipments expanded 3.8% in November from a year ago, according to a statement from the Finance Ministry Friday. While that was the fastest pace of growth since July 2022, it still fell short of the median expectation of a 4.6% increase in a Bloomberg survey of economists. Month on month, exports contracted 1.7%.