The total exports of Taiwan have declined for nine consecutive months

The total exports of Taiwan fell 14.1%year -on -year in May this year, and it has declined for nine consecutive months.This means that weak external demand will still be a major resistance to Taiwan's economic growth.

Comprehensive Taiwan United Daily News and Reuters reports that the Taiwan MinistryEssenceThe total exports in the first five months of this year were 169.81 billion US dollars, a year -on -year decrease of 16.9%.

The total import data is not very optimistic.The Taiwan Ministry of Finance reported that the total imports in May this year were US $ 3125 billion, a year -on -year decrease of 21.7%, and the total imports in the first five months were US $ 149.31 billion, a year -on -year decrease of 18%.

In response to the above data, the Taiwan Ministry of Finance said that dueOn the one hand, the purchase of materials for manufacturers and capital equipment slowly slows down, as well as the price of raw materials such as crude oil and basic metals, and the growth momentum of total imports is lost.

The Ministry of Finance of Taiwan predicts that the total exports of Taiwan will also record 14%to 16.5%in June this year.Trade exports must improve, and it may have to wait until September this year, at the latest until November.

Taiwan's economy is extremely dependent on exports, and the downturn of trade exports has weakened the driving force for Taiwan's economic growth.In the first quarter of this year, the GDP (GDP) fell 3.02%year -on -year and fell into a economic recession.