Taiwan exports contract for fourth month in row
Taiwan’s exports fell 3 percent to $24.4 billion in June from a year earlier, contracting for a fourth consecutive month amid weak foreign demand for the island’s high-tech and other goods.
The finance ministry said Monday that imports declined 8 percent to $21.8 billion in June.
For the first six months of this year, exports fell 4.7 percent to $146.8 billion, amid the sputtering global economy.
During the six-month period, Taiwanese exports to China fell 8.8 percent to $57 billion, and exports to the US declined 11 percent to $16 billion.
Exports drive the Taiwanese economy, and the government expects GDP growth of only 3 percent this year, down from 4 percent in 2011.
Category: Taiwan
