l Amidst continued global economic uncertainty, Taiwan’s exports took another beating in April as the value of export orders received fell from a year earlier.
l Export orders totaled just US$36.09 billion in April, down 3.52 percent year-on-year and 5.95 percent from March. Among the reasons, a high base period in April 2011 and seasonal adjustments for information and communications products were considered primary.
l Though China remained Taiwan's largest source of export orders, the total amount fell 7.8 percent in April from a year earlier to US$9.26 billion. It was the fifth consecutive month that export orders from China have posted a decline.
l Overall, the outlook for May is not encouraging since some of Taiwan’s export markets—from China, Japan, the European Union (EU) to the United States—have been struggling economically.
Interested in subscribing ETRC reports and services?
Please contact us at: etrc.group@gmail.com
No comments:
Post a Comment