Taiwan export orders post 11th straight fall in August
Taiwan said Wednesday August export orders fell 11.96 percent year-on-year -- the 11th consecutive fall -- as higher demand from China failed to offset plunging US demand for electronics.
Export orders last month totalled 28.29 billion US dollars, the ministry of economic affairs said.
Electronic product orders declined 12.2 percent from a year earlier, it said.
But orders from China, including Hong Kong, which is Taiwan's biggest export market, rose 7.27 percent year-on-year to 8.55 billion dollars.
Orders from the United States -- Taiwan's leading electronics market -- declined 19.27 percent year-on-year while orders from Europe tumbled 21.56 percent from a year ago to 4.77 billion dollars.
In the first eight months of the year, export orders came in at 196.86 billion dollars, marking a 19.95 percent drop from the same period in 2008.
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