Free Trial

Taiwan's Oct Export Orders Fall For Third Month

MNI (BEIJING)
(MNI) Beijing

Taiwan's export orders fell 6.3% y/y in October as depressed demand from the mainland weighed on demand, data released by the Ministry of Economic Affairs (MOEA) showed on Monday.

Orders for October were valued at USD55.4 billion, a 9.7% decline from USD60.9 billion recorded in September, and marked the third consecutive month of contraction. Mainland China and Hong Kong - which are counted together - drove the downturn, posting declines of 6.9% m/m and 16.2% y/y. Demand for plastic and rubber items fell 29% y/y, partially offset by an increase in mineral products of 79.3%.

The data underscores the headwinds facing the export-led economy, which saw a 0.5% y/y decline in actual exports in October. (SEE MNI BRIEF: Taiwan's Exports Fall For Second Month in October)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

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.