April exports fall 13.3%

By ECCT staff writers, MOF

Taiwan’s total exports contracted 13.3% year-on-year to US$35.96 billion in April while total imports fell 20.2% from the same month in 2022 to US$29.25 billion, according to a report from the Ministry of Finance (MOF). This marked the eighth consecutive month of annual export contractions and bringing accumulated year-to-date exports to US$133.7 billion, down 17.7% from the same period last year.

According to the MOF, compared with the same month of last year, exports of information, communication and audio-video products grew by 5.4%. However, exports of parts of electronic products, base metals and articles of base metal, machinery, plastics & rubber and articles thereof declined 8.6%, 25.2%, 13.0%, and 28.6%, respectively while imports of parts of electronic products, mineral products, machinery, chemicals, base metals and articles of base metal declined 26.0%, 18.8%, 18.3%, 33.2%, and 31.7%, respectively.