Taiwan exports have declined for the sixth consecutive month to decline in local econo

Taiwan ’s exports in February for the sixth consecutive month have declined, and the global technology product market demand has declined.

According to Bloomberg, the Taiwan Ministry of Finance announced on Tuesday (March 7) that exports in February decreased by 17.1%year -on -year, and the median value of Bloomberg survey was reduced by 12.5%, a year -on -year decrease of 21.2%.

In February, imports fell by 9.4%year -on -year, and the estimated median value decreased by 11.8%.

The exports were dragged down by the bad exports and the cooling of investment.Exports are expected to decrease by 5.84%throughout the year, which is much higher than the official estimated 0.22%decrease.At the same time, it is expected that exports may decline in March by 19.5%.

According to data released by the Ministry of Finance of Taiwan, the exports of integrated circuits in February decreased by 17.3%year -on -year.In recent months, chip demand has declined sharply, which has hit the Asian economy driven by Taiwan, South Korea, and other technology -dense industries.

Cai Meina, director of the Statistics Department of the Taiwan Ministry of Finance, said at a press conference that Taiwan's expected export of electronic components will not get rid of the slump in the near future.

The continuous weakness of export prospects and the continued weakness of manufacturing activities and concerns about inflation have aroused the market's guessing whether the central bank will continue to raise interest rates this year.

The General Administration of Taiwan announced on Tuesday that Taiwan ’s consumer prices (CPI) in February increased by 2.43%year -on -year, and the estimated medium value of Bloomberg survey economists was 2.65%.

In January, the CPI increase was higher than expected, an increase of 3.04%year -on -year, which was much higher than the 2%vigilant level of the Taiwan Central Bank.