Taiwan’s Exports Down for Three Consecutive Months Amid Weakening Chinese Economy

Experts: Declining trend will likely continue into the first half of 2023

A cargo ship (bottom) being loaded with containers at the harbour in Keelung, Taiwan, on Dec. 8, 2020. Sam Yeh/AFP via Getty Images

Impacted by China’s weakening economy and falling demand from end-users, Taiwan’s Department of Statistics said that the country’s export orders plunged by 23.4 percent in November compared to the same month last year.

The drop marked the third consecutive monthly year-on-year decline and the sharpest fall since March 2009.