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Asian Economic News

Taiwan Feb Exports Fall More Than Forecast

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Taiwan's exports declined 15.8 percent in February from a year ago to $19.7 billion, the Ministry of Finance reported Thursday.

The rate of fall far exceeded a decline of 8.1 percent forecast by economists due to sharp decreases in electronics, basic metals and chemical product shipment.

Imports, at the same time, dropped 8.5 percent year-on-year, faster than the expected 7.3 percent. The trade balance resulted in a surplus of $0.92 billion compared to a $2.07 billion expected surplus.

Exports to Mainland China and Hong Kong slipped 21.8 percent, while shipments to Japan rose 0.5 percent. Exports to U.S.A dipped 11.9 percent and that to Europe dipped 17.2 percent.

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