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MNI (BEIJING)
MNI (Beijing)
Taiwan's exports fell 0.5% y/y in October, the second month of contraction, but were a marked improvement on the 5.3% y/y fall reported in September, according to data released by the Ministry of Finance on Tuesday.
Driving the fall were decreases in base metals and plastics, which dropped 27.6% and 28.7% respectively. The declines were partially offset by a 15.9% increase in electronic parts leaving Taiwan.
Imports rose by 8.2% y/y as mineral products and machinery increased 42.0% and 20.7% respectively.
The trade balance dropped to USD2.99 billion from last month’s USD5.02 billion.
MNI Beijing Bureau | lewis.porylo@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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