Reuters
Taiwan exports fall for 4th month in December, decline seen extending into Q1
Taiwan’s exports fell for a fourth straight month in December due to the worsening state of the global economy, as inflation and rising interest rates weighed on demand, and benefits from China’s relaxation of its COVID controls had still to emerge. Exports dropped 12.1% by value last month from a year earlier to $35.75 billion, the lowest in 20 months, the Ministry of Finance said on Saturday. For December, the ministry said global demand was slowing gradually, due to inflationary pressures and interest rate rises in major economies, as well as disruptions to factory production in China amid a spike of COVID-19 cases after Beijing dismantled its zero-COVID regime.