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MNI BRIEF: Taiwan's Export Orders Decline In January

MNI (Beijing)

Taiwan export orders in January were down 19.3% y/y in US dollar terms, marking the fifth consecutive month of year-on-year declines, although the pace eased somewhat from December's 23% fall, according to data released by the Ministry of Economic Affairs on Monday.

Declines were recorded across all major categories with chemicals, electronic products and transport equipment down 32%, 13.9%, and 23.4% when measured in Taiwanese dollars respectively.

Taiwan’s central bank noted in its most recent minutes that exports were expected to continue slowing down in 2023 due to a cooling in foreign demand and inventory adjustments.

MNI Beijing Bureau |
MNI Beijing Bureau |

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