Taiwan’s total exports in November decreased by 6.2% from the previous month to US$24.89 billion, which has been declining for February and accelerated. It was significantly worse than market expectations. Yuanta Baohua Comprehensive Economic Research Institute pointed out today (10th) that import growth Exports are also significantly lower than expected, and capital equipment imports have declined due to weakening demand for machinery, suggesting that future production, exports and investment activities may be sluggish. Although they are lower than the base period and handheld mobile devices continue to grow, the performance of electronic products and mineral products is relatively stable and favorable. The annual export growth rate in December maintained growth, but it is difficult to significantly increase the growth rate, which may cause exports for the whole year to decline compared with the same period last year and set the worst record after the financial tsunami.
Yuan Dabaohua also pointed out that observing the export status of major goods, with a slight increase in fuel oil and diesel, the annual growth rate of mineral products accelerated from 17.5% last month to 19.3%; basic metals and their products, textiles, information and Communication products continued to decline for the 9th, 9th and 13th consecutive months. Although information and communication products improved from -36.1% last month to -14.4%, the demand for mobile phones was still weak. Therefore, information and communication products still failed to Get out of recession.
In addition, the annual growth rate of plastics, rubber and their products has turned from increase to decrease, the annual growth rate of chemicals, machinery, and transportation equipment has declined for February consecutively, and the growth rate of optical equipment and electrical products has slowed down, all of which have limited the annual growth of exports. amplitude.
