Taiwan's export orders decreased less than economists expected in May, data released by the Ministry of Economic Affairs showed Thursday.
The value of orders in the overseas market dropped 0.4 percent annually to $36.33 billion in May. Economists had forecast demand to fall by 1.2 percent.
Orders in Asian countries dropped 0.2 percent annually, with demand in Japan falling by 16.5 percent. Export orders in Europe fell by 6.8 percent from a year earlier. Meanwhile, demand in the United States rose 2.9 percent.
Compared to April, however, new export orders increased by 1.8 percent in May, the agency said.
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