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Home > News > Industry Activities > The export value of Taiwan has fallen for 15 months, which refreshes a new record

The export value of Taiwan has fallen for 15 months, which refreshes a new record

By CFM , 2016-05-12 12:00:00

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On May 9th, 2016, Taiwan Ministry of Finance releases the Trade Statistics of April, which shows that the export value is about 22 Billion USD, 6.5% decreases comparing with that of the same month in last year. The export value has been below the export value of last year for the 15th consecutive month. It reaches a longest record of sequential falls which exceeds the 14 months record during Lehman Crisis.

Compared with the damping ratio in March (decreased by 11.4%), the damping ratio of export value in April improves greatly. The export value to Mainland China and Hongkong, which  covers a percentage of 40% of the total export value, decreases by 6.8%.

Except the marketing of Smartphone is growing slowly, the improvement of technology strength of the enterprises in Mainland China remains a main reason for the decreasing of the export value. The enterprises of Mainland China improve the self-sufficiency rate of electrical components and take away the market share.

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