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Published Date: 2019-10-28
Taiwan’s exports
have dipped slightly this year. (CNA Photo)
Taiwan’s exports
have dipped slightly this year, but they’ve been spared by increasing
investment and a rise in exports to the United States. That was the word from
the economics ministry on Monday.
Government figures
show that between January and September, Taiwan’s exports dipped by 2.5%
year-on-year. By comparison, South Korea saw a 9.8% decrease in exports, and
Japan a 4.8% decrease during the same period.
A senior official
from Taiwan’s economics ministry said that although many countries been
affected by the ongoing US-China trade war, Taiwan has fared slightly better.
That’s due to increased investment by Taiwanese businesses returning from
China, and a 17.7% increase in exports to the United States.
The ministry said
that if you adjust for dropping raw material prices, Taiwan’s exports have
actually seen slight growth so far this year. The ministry says it remains
confident about the outlook for Taiwan’s economy this year.