Taiwan September Exports Drop 7%
Taiwan reported a drop in September exports.
Exports dropped 7.0% in September, according to the Ministry of Finance. However, economists were expecting a 0.45% rise. In August, Taiwan's exports climbed 3.6% y/y.
Exports to China declined 8.4% in September, versus August's rise of 2.9%.
Taiwan's trade surplus came in at $2.35 billion in September, versus August figure of $4.59 billion. However, economists expected trade surplus of $4.32 billion.
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