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.
To read the full article, click here