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Financial News: Taiwan Export Decline Slows In March

Taiwan Export Decline Slows In March

04/08/2019 - 10:34:00 (RTTNews)

(RTTNews) - Taiwan's exports declined at a slower rate in March and imports rose after falling sharply in the previous month, figures from the Finance Ministry showed on Monday.

Total exports fell 4.4 percent year-on-year in March, following an 8.8 percent decline in February.

Imports rose 6.6 percent annually in March, reversing a 19.7 percent slump in the previous month.

The trade surplus registered a massive annual fall of 48.1 percent from a year ago to US$3.12 billion.

Among the leading export commodities, exports of information, communication and audio-video products increased.

Meanwhile, the shipment of parts of electronic product, base metals and articles of base metal, machinery, plastics and rubber, and articles declined in March.

Imports of parts of electronic product and machinery grew in February, while mineral products, chemicals, base metals and articles of base metal declined.

Exports to Japan, U.S.A. and Europe increased, while those to Mainland China and Hong Kong, and ASEAN declined.

In the January to March period, exports declined 4.2 percent from a year ago and imports fell 0.8 percent.

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