Taiwan's exports fall by 7 percent in September
AFPTAIPEI -- Taiwan's exports in September fell 7.0 percent from a year earlier to US$25.3 billion as demand from most overseas markets including China and the United States weakened, the government said Monday.
October 8, 2013, 12:08 am TWN
Shipments to China — Taiwan's biggest export market — dropped 8.4 percent to US$9.9 billion while sales to the United States dropped 8.5 percent year-on-year to US$2.7 billion, the finance ministry said in a statement.
“Primarily the slowing demand for flat panels led to the decline in sales to the mainland,” a ministry official told AFP.
Exports to Southeast Asia declined 9.9 percent year-on-year to US$4.9 billion and those to Japan were down 10.9 percent to US$1.7 billion.
Europe was the only market that saw positive growth, rising 4.5 percent from a year earlier to US$2.4 billion.
The government in August revised its full-year 2013 growth forecast downwards to 2.31 percent, citing a weaker global economic outlook and slowing exports and consumer spending in the second half.