News4-Taiwan Feb exports disappoint, but cheaper imports may help economy

News4-Taiwan Feb exports disappoint, but cheaper imports may help economy

Taiwan’s exports and imports declined last month. Last month, imports fell 22.4%, which was a relatively large decline. However, it does not mean that it is bad to the economy as the domestic demand in Taiwan would probably increase a lot and bring more profits to local companies assuming the consumption does not change.

On the other hand, exports performed poorer, having 1.3% decrease last two months due to the Lunar New Year holiday. But we should aware thatthere was a 6.7% decrease in exports last year.

However, Taiwan’s manufacturers exported electronic goods more, especially smartphones (iPhone) more these days, making the exports orders the highest record last year.

Source:

http://www.reuters.com/article/2015/03/09/taiwan-economy-exports-idUSL4N0WB2PS20150309