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Taiwan's exports slump for six consecutive months

Source: Xinhua| 2019-05-07 23:48:29|Editor: yan
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TAIPEI, May 7 (Xinhua) -- Taiwan's exports fell for a sixth consecutive month in April, as weak demand continued to weigh on its electronic products, revealed the latest trade data.

Exports declined 3.3 percent year on year to 25.83 billion U.S. dollars in April, while imports rose 2.6 percent from the previous year to 23.15 billion U.S. dollars, resulting in a trade surplus of 2.69 billion U.S. dollars, 1.47 billion U.S. dollars less than last year, according to Taiwan's trade data.

For the first four months, exports dropped by 4 percent from a year earlier to 102.2 billion U.S. dollars, while imports stood at 90.55 billion U.S. dollars, trimming trade surplus for the period by 4.26 billion U.S. dollars year on year to 11.65 billion U.S. dollars.

The Chinese mainland remained the biggest trade partner of Taiwan in the first four months, receiving 27.17 billion U.S. dollars of the island's exports, or 26.6 percent of the total, according to the data.

During the four months, Taiwan exported 16.8 billion U.S. dollars worth of goods and services to the Association of Southeast Asian Nations, 14.23 billion U.S. dollars to the United States, 11.95 billion U.S. dollars to Hong Kong, 9.94 billion U.S. dollars to Europe and 7.47 billion U.S. dollars to Japan.

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