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MNI BRIEF: Taiwan Exports Decline in April

MNI (Beijing)

Taiwanese exports fell 13.3% in April y/y, an improvement from March’s 19.1% decrease, and the slowest contraction since last December, according to the Ministry of Finance Monday.

Most major regions saw a decline in demand, with the Mainland, USA and Europe falling by 22%, 10.3% and 3.6%, partially offset by Japan’s growth of 19.8%. Declines in exports were seen in electronic products (-8.6%), base metals (-25.2%), machinery (-28.6%), however communication equipment grew by 5.4%.

Exports are expected to remain slow this year due to continued monetary tightening, with a gradual rebound expected in H2, according to the Central Banks’ most recent policy meeting minutes.
MNI Beijing Bureau |
MNI Beijing Bureau |

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