Taiwan cautious on trade outlook as May exports fall again



Yimou Lee | Reuters

Taiwan’s exports in May fell for a third straight month but at a slower pace than expected, with the government “cautious” about the outlook due to the impact of the coronavirus pandemic on global demand and U.S.-China frictions.

Exports dropped 2.0% from a year earlier to $27 billion in May, the finance ministry said on Monday. A Reuters poll had forecast an annual drop of 4.7%.

In April, exports slipped 1.3%.

The ministry said strong demand for telecommuting amid the coronavirus outbreak and advanced chips was offset by weakening global consumption for products from textiles to plastics.


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