Taiwan exports fall for 4th month in December, decline seen extending into first quarter

TAIPEI: Taiwan's exports fell for a fourth straight month in December due to the worsening state of the global economy, as inflation and rising interest rates weighed on demand, and benefits from China's relaxation of its COVID-19 controls had still to emerge.

For December, the ministry said global demand was slowing gradually, due to inflationary pressures and interest rate rises in major economies, as well as disruptions to factory production in China amid a spike of COVID-19 cases after Beijing dismantled its zero-COVID regime. Taiwan's total exports of electronics components in December fell 1.4 per cent to US$16.04 billion, with semiconductor exports up 0.8 per cent from a year earlier.

Taiwan's finance ministry said risks ahead included uncertainty the US-China tech war, adding that January exports could contract in a range of 20 per cent to 24 per cent from a year earlier.

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Taiwan exports fall for 4th month in December, decline seen extending into Q1TAIPEI : Taiwan's exports fell for a fourth straight month in December due to the worsening state of the global economy, as inflation and rising interest rates weighed on demand, and benefits from China's relaxation of its COVID controls had still to emerge.Exports dropped 12.1 per cent by value last mont
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