Back to list

Exports down 4.7 percent in first four months

2012/05/07 23:55:46

Taipei, May 7 (CNA) Taiwan's exports in the first four months of this year were down 4.7 percent from last year at US$96.37 billion, while main trade rival South Korea's exports rose 0.9 percent during the same period, the Ministry of Finance said Monday.

Significant growth in Taiwan's exports in the first half of this year is not very likely, due to a weaker global economy and intense global competition, according to Lin Li-jen, director general of the ministry's statistics department.

Among the products that lost the most ground were information and communication technology exports, which fell by 16.1 percent year-on-year, followed by chemical and optical product exports, which fell by 11.4 percent and 9.4 percent, respectively.

Growth in both transportation vehicle and mineral exports reached historical highs, however, rising 13.5 percent and 7.3 percent, respectively year-on-year.

By country, exports to China, Hong Kong, the United States, Japan and Europe all decreased by a range of 4.2-10.2 percent from the same period a year earlier, while exports to the Association of Southeast Asian Nations as a whole rose 6.8 percent, the ministry said.

(By Eva Feng and Scully Hsiao)