Taiwan exports set to fall again on plummeting China demand

Overseas shipments are expected to have contracted 6% in October from a year earlier. That would be the worst fall since January 2020, when exports dropped 7.6%. – Reuters

TAIPEI: Taiwan likely recorded its worst export growth in nearly three years as the global slowdown intensifies and demand from China continues to drop, jeopardising a vital part of the trade-dependent economy’s growth.

Overseas shipments are expected to have contracted 6% in October from a year earlier, according to the median estimate of economists surveyed by Bloomberg.