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Taiwan's exports decline for 12th consecutive month

Staff writer |
Taiwan's exports fell 13 percent year-on-year to $22.2 billion in January, declining for the 12th straight month, according to the Ministry of Finance.

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The January figures represented an eighth consecutive monthly double-digit drop in Taiwan's exports, the worst since the 2008 financial crisis.

Imports for the month, meanwhile, fell 11.7 percent from a year earlier to $18.69 billion. As a result, the trade surplus for the month was $3.51 billion.

The Ministry of Finance attributed the plummet in exports to weak global demand that continued to reduce the value of overseas shipments.


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