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Taiwan's November exports drop by 8.7%

(Xinhua)

16:47, December 09, 2011

TAIPEI, Dec. 8 (Xinhua) -- Taiwan's export value dropped to 24.68 billion U.S. dollars in November, an 8.7-percent decrease from the previous month, the island's finance department said Thursday.

The figure, however, represented a 1.3 percent increase year-on-year, the department said.

Taiwan's economic growth is mainly driven by exports, thus more susceptible to ups and downs of the global economy and its major clients, such as the United States, Europe and the Chinese mainland.

Taiwan's November import value fell to 21.47 billion U.S. dollars, a drop of 9.4 percent from that of October and 10.4 percent fall year-on-year, it said.

The island's trade surplus was 3.2 billion U.S. dollars, 6.8 times higher than a year earlier, according to the data released Thursday by the department.

It said that from January to November Taiwan's exports to the mainland and Hong Kong were up 9.1 percent year-on-year, up 23.4 percent to the Association of Southeast Asian Nations (ASEAN), up 16.9 percent to the U.S., up 8.5 percent to Europe, and up 1.3 percent to Japan.

Statistics show that the mainland and Hong Kong remain the island's major export destination, making up about 40 percent of the island' s entire export value between January and November this year.

However, Taiwan' s November exports to the mainland and Hong Kong were down 910 million U.S. dollars from that of October, due to decreased exports of electronics, transportation facilities, optical equipment and plastics, statistics show.

Its November exports to the U.S. were reduced by 3.1 percent year-on-year due to decreased exports of IT products, it said, adding that exports to Europe were down by nearly 22 percent year-on-year due to a drop of exported mineral products.

 
 
 
 
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