ecns [expanded by feedex.net]
ecns
Taiwan export growth slows in September
http://www.ecns.cn/business/2014/10-08/137299.shtml
Oct 8th 2014, 01:47
2014-10-08 10:47
Taiwan's September exports plunged from a three-year high in August, as declines in the sectors of plastic, rubber and mineral products have constrained the overall growth, the island's statistics authority said Tuesday.
Taiwan exported $26.43 billion of goods in September, up 4.7 percent from a year earlier, but a 5.9 percent drop from last month.
Imports increased merely 0.2 percent from the same period last year to22.93 billion U.S. dollars, also marking a 4.4 percent decrease from August.
In the first nine months, Taiwan registered a trade surplus of 26.35 billion U.S. dollars, an increase of $1.49 billion from the same period last year.
Sales of electronic components, a main driver behind the island's exports, expanded 13.7 percent from a year earlier, but were partially offset by a 9.2 percent plunge in sales of plastic and rubber products.
Meanwhile, shipments to the Chinese mainland and Hong Kong were up 3.6 percent in September, down from a 8.7 percent gain in August.
Growth was also dragged down by a mere 1.2 percent increase in exports to Europe last month, a significant slowdown from the 13.5 percent rise in August.
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