Modification de Taiwan October Exports Drop Unexpectedly But Recovery Seen Ahead

Oct exports -4.5% y/y vs +1.05% forecast in Reuters poll<br><br>*<br><br>Exports to China -3.6% y/y (previous month -8.8% y/y)<br><br>*<br><br>Gov't forecasts Nov exports between +3% to +6% y/y<br><br>By Sarah Wu<br><br>TAIPEI, Nov 7 (Reuters) - Taiwan's exports fell unexpectedly in October on weak global demand for the island's technology products, as sluggish sales to China offset [https://slashdot.org/index2.pl?fhfilter=strong%20shipments strong shipments] to the United States ahead of the year-end holiday shopping season.<br><br>October exports fell 4.5% in value from a year earlier to $38.11 billion, the finance ministry said on Tuesday, missing analysts' forecasts in a Reuters poll for a 1.05% expansion.<br><br>Shipments also worsened on the 3.4% expansion in September.<br><br>For November, the ministry predicted exports would be between +3% to +6%.<br><br>Strong technology driven by artificial intelligence (AI) was not enough to offset sluggish global demand for consumer electronics, the ministry said, adding that a high base from a year earlier also contributed to the decline in exports.<br><br>The ministry said, however, Taiwan's exports should "stabilize" in the near future thanks to new technologies including AI and new product launches by international vendors.<br><br>"The dawn is breaking," ministry official Beatrice Tsai told reporters, describing the exports outlook for this quarter.<br><br>Taiwan's export-dependent economy grew faster than expected in the third quarter, helped by domestic consumption, though exports remained weak as flagging global demand hit sales of the island's hi-tech products.<br><br>The ministry expected exports this year to drop about 10%, the biggest dip in eight years.<br><br>In October, Taiwan's total shipments of electronic components fell 7.4% from the year before to $15.64 billion, with semiconductor exports down 6.5%.<br><br>Taiwanese firms such as TSMC , the world's largest contract chipmaker, are major suppliers to Apple Inc , Nvidia and other global tech giants, while providing chips for auto companies and lower-end consumer goods.<br><br>Taiwan's [https://www.wikipedia.org/wiki/exports exports] to China fell 3.6% in October from a year earlier to $14.18 billion, after the prior month's drop of 8.8%. The Chinese economy is beginning to stabilise after a rocky post-COVID recovery.<br><br>Taiwan's exports to the United States rose 12.1% to a record high for any month, but slowing from 17.7% growth in September.<br><br>October imports, often seen as a leading indicator of re-exports of finished products,  [https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-tay-ninh/ công ty xây dựng Tây ninh] dropped 12.3% to $32.34 billion. That compared with economists' forecasts for a 14.55% fall. (Reporting by Sarah Wu and Yimou Lee; Editing by Bernadette Baum)
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	Oct exports -4.5% y/y vs +1.05% forecast in Reuters poll<br><br><br><br>Exports to China -3.6% y/y (previous month -8.8% y/y)<br><br><br><br>Gov't forecasts Nov exports between +3% to +6% y/y<br><br>By Sarah Wu<br><br>TAIPEI, Nov 7 (Reuters) - Taiwan's exports fell unexpectedly in October on weak global demand for the island's technology products, as sluggish sales to [https://~~www~~.~~brandsreviews~~.~~com/search~~?~~keyword~~=~~China~~%~~20offset China offset]~~ strong shipments to the United States ahead of the year-end holiday shopping season.<br><br>October exports fell 4.5% in value from a year earlier to $38.11 billion, the finance ministry said on Tuesday, missing analysts' forecasts in a Reuters poll for a 1.05% expansion.<br><br>Shipments also worsened on the 3.4% expansion in September.<br><br>For November, the ministry predicted exports would be between +3% to +6%.<br><br>Strong technology driven by artificial intelligence (AI) was not enough to offset sluggish global demand for consumer electronics, the ministry said, adding that a high base from a year earlier also contributed to the decline in exports.<br><br>The ministry said, however, Taiwan's exports should "stabilize" in the near future thanks to new technologies including AI and new product launches by international vendors.<br><br>"The dawn is breaking," ministry official Beatrice Tsai told reporters, describing the exports outlook for this quarter.<br><br>Taiwan's export-dependent economy grew faster than expected in the third quarter, helped by domestic consumption, though exports remained weak as flagging global demand hit sales of the island's hi-tech products.<br><br>The ministry expected exports this year to drop about 10%, the biggest dip in eight years.<br><br>In October, ~~[https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-dong-nai/ công ty xây dựng biên hòa]~~ Taiwan's total shipments of electronic components fell 7.4% from the year before to $15.64 billion, with semiconductor exports down 6.5%.<br><br>Taiwanese firms such as TSMC , the world's largest contract chipmaker, are major suppliers to Apple Inc , Nvidia and other global tech giants, while providing chips for auto companies and lower-end consumer goods.<br><br>Taiwan's exports to China fell 3.6% in October from a year earlier to $14.18 billion, after the prior month's drop of 8.8%. The Chinese economy is beginning to stabilise after a rocky post-COVID recovery.<br><br>Taiwan's exports to the United States rose 12.1% to a record high for any month, but slowing from 17.7% growth in September.<br><br>October imports, often seen as a leading indicator of re-exports of finished products, dropped 12.3% to $32.34 billion. That compared with economists' forecasts for a 14.55% fall. (Reporting by Sarah Wu and Yimou Lee; Editing by Bernadette Baum)		Oct exports -4.5% y/y vs +1.05% forecast in Reuters poll<br><br><br><br>Exports to China -3.6% y/y (previous month -8.8% y/y)<br><br><br><br>Gov't forecasts Nov exports between +3% to +6% y/y<br><br>By Sarah Wu<br><br>TAIPEI, Nov 7 (Reuters) - Taiwan's exports fell unexpectedly in October on weak global demand for the island's technology products, as sluggish sales to China offset [https://slashdot.org/index2.pl?fhfilter=strong%20shipments strong shipments] to the United States ahead of the year-end holiday shopping season.<br><br>October exports fell 4.5% in value from a year earlier to $38.11 billion, the finance ministry said on Tuesday, missing analysts' forecasts in a Reuters poll for a 1.05% expansion.<br><br>Shipments also worsened on the 3.4% expansion in September.<br><br>For November, the ministry predicted exports would be between +3% to +6%.<br><br>Strong technology driven by artificial intelligence (AI) was not enough to offset sluggish global demand for consumer electronics, the ministry said, adding that a high base from a year earlier also contributed to the decline in exports.<br><br>The ministry said, however, Taiwan's exports should "stabilize" in the near future thanks to new technologies including AI and new product launches by international vendors.<br><br>"The dawn is breaking," ministry official Beatrice Tsai told reporters, describing the exports outlook for this quarter.<br><br>Taiwan's export-dependent economy grew faster than expected in the third quarter, helped by domestic consumption, though exports remained weak as flagging global demand hit sales of the island's hi-tech products.<br><br>The ministry expected exports this year to drop about 10%, the biggest dip in eight years.<br><br>In October, Taiwan's total shipments of electronic components fell 7.4% from the year before to $15.64 billion, with semiconductor exports down 6.5%.<br><br>Taiwanese firms such as TSMC , the world's largest contract chipmaker, are major suppliers to Apple Inc , Nvidia and other global tech giants, while providing chips for auto companies and lower-end consumer goods.<br><br>Taiwan's [https://www.wikipedia.org/wiki/exports exports] to China fell 3.6% in October from a year earlier to $14.18 billion, after the prior month's drop of 8.8%. The Chinese economy is beginning to stabilise after a rocky post-COVID recovery.<br><br>Taiwan's exports to the United States rose 12.1% to a record high for any month, but slowing from 17.7% growth in September.<br><br>October imports, often seen as a leading indicator of re-exports of finished products, [https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-tay-ninh/ công ty xây dựng Tây ninh] dropped 12.3% to $32.34 billion. That compared with economists' forecasts for a 14.55% fall. (Reporting by Sarah Wu and Yimou Lee; Editing by Bernadette Baum)