Taiwan's exports growth declined unexpectedly in February, figures from the nation's Ministry of Finance showed Monday.
Exports fell 6.7 percent year-over-year in February, in contrast to the 0.7 percent increase expected by economists. This follows the 3.4 percent growth in January.
Exports of basic metals and articles thereof dropped 6.9 percent. Exports of plastics and rubber and articles thereof dipped 22.5 percent. Exports of mineral products declined 47.6 percent.
Imports plunged 22.4 percent in February after the 4.8 percent drop in January. Economists had expected imports to drop 6 percent.
The trade balance decreased to $4.56 billion in February from $4.79 billion in January. But, this was more than the $ 3.69 billion expected by economists.
In the first two months of 2015, a trade surplus of $9.36 billion was recorded.
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