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Taiwan's exports decline in July for sixth consecutive month

2015/08/07 17:42:26

Taipei, Aug. 7 (CNA) Taiwan's exports suffered a 11.9 percent year-on-year decline in July, the sixth consecutive month in which they registered a drop, according to customs statistics released Friday by the Ministry of Finance.

July exports amounted to US$23.55 billion, while imports in that month fell 17.4 percent year-on-year to US$19.93 billion, the tallies show. The trade balance for the month was favorable, reaching US$3.62 billion, the ministry said.

In June, Taiwan's exports fell 13.9 percent from a year earlier, marking the fifth consecutive month for outbound sales to register a drop.

Exports in the first six months of the year totaled US$142.43 billion, representing a drop of 7.1 percent from the same period last year, while total imports in the six-month period fell 14.9 percent to US$116.67 billion from the previous year's level, according to statistics.

(By Wei Shu, Elizabeth Hsu, Frances Huang and Kuo Chung-han)