Economic news

Taiwan exports likely contracted again in October- Reuters poll

2022.11.06 22:12



© Reuters. FILE PHOTO: Trucks wait to be loaded on with containers at a port in Keelung, Taiwan, June 10, 2020. REUTERS/Ann Wang

TAIPEI (Reuters) – Taiwan’s exports likely contracted in October for the second month in a row, amid fears of a global recession, uncertainties due to the war in Ukraine, and COVID-19 flare-ups in China, according to a Reuters poll.

Taiwan, a global hub for chip production and a key supplier to Apple Inc (NASDAQ:), is one of Asia’s leading exporters of technology goods. The trade data is seen as an important gauge of world demand for tech gadgets.

Exports last month were estimated to have dropped 6% from a year earlier, a Reuters poll of 22 analysts showed on Monday, slightly faster than the 5.3% contraction in September.

The export forecasts varied widely between an expansion of 2.14% and a contraction of 13.4%, reflecting uncertainties over the global economy, supply chain disruptions due to pandemic lockdowns and power shortages in China, as well as the fallout from Russia’s invasion of the Ukraine.

Taiwan’s finance ministry had predicted October exports could contract in a range of 3% to 6% from a year earlier.

Separately, the consumer price index was expected to have risen 2.7% in October from a year earlier, a slower rate than 2.75% in September, according to the poll.

The trade and inflation data will both be released on Tuesday.

(Poll compiled by Anant Chandak and Carol Lee; Reporting by Ben Blanchard; Editing by Ana Nicolaci da Costa)



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,401.29 1.87%
ethereum
Ethereum (ETH) $ 3,340.40 0.97%
tether
Tether (USDT) $ 0.998487 0.05%
xrp
XRP (XRP) $ 2.15 0.96%
bnb
BNB (BNB) $ 695.59 1.17%
solana
Solana (SOL) $ 184.35 2.71%
dogecoin
Dogecoin (DOGE) $ 0.313491 0.20%
usd-coin
USDC (USDC) $ 0.999931 0.00%
staked-ether
Lido Staked Ether (STETH) $ 3,339.29 0.98%
cardano
Cardano (ADA) $ 0.87299 0.47%
tron
TRON (TRX) $ 0.260549 1.13%
avalanche-2
Avalanche (AVAX) $ 36.65 2.15%
the-open-network
Toncoin (TON) $ 5.71 1.24%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,968.04 1.16%
chainlink
Chainlink (LINK) $ 21.29 6.87%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 0.46%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,321.27 1.70%
sui
Sui (SUI) $ 4.03 4.10%
bitget-token
Bitget Token (BGB) $ 8.24 7.30%
stellar
Stellar (XLM) $ 0.348508 2.65%
polkadot
Polkadot (DOT) $ 6.88 1.54%
hedera-hashgraph
Hedera (HBAR) $ 0.273755 3.31%
weth
WETH (WETH) $ 3,342.13 0.92%
hyperliquid
Hyperliquid (HYPE) $ 26.32 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 440.18 0.13%
leo-token
LEO Token (LEO) $ 9.27 1.98%
uniswap
Uniswap (UNI) $ 13.14 5.04%
pepe
Pepe (PEPE) $ 0.000018 2.64%
litecoin
Litecoin (LTC) $ 99.96 2.86%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,523.42 1.20%
near
NEAR Protocol (NEAR) $ 5.13 0.50%
ethena-usde
Ethena USDe (USDE) $ 0.997183 0.09%
usds
USDS (USDS) $ 1.00 0.05%
internet-computer
Internet Computer (ICP) $ 10.19 1.33%
aave
Aave (AAVE) $ 322.40 5.28%
aptos
Aptos (APT) $ 8.68 2.93%
crypto-com-chain
Cronos (CRO) $ 0.148788 0.97%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.478351 0.59%
mantle
Mantle (MNT) $ 1.19 0.34%
ethereum-classic
Ethereum Classic (ETC) $ 25.93 0.76%
vechain
VeChain (VET) $ 0.045798 1.83%
monero
Monero (XMR) $ 196.49 3.47%
render-token
Render (RENDER) $ 6.90 4.49%
whitebit
WhiteBIT Coin (WBT) $ 24.62 0.34%
mantra-dao
MANTRA (OM) $ 3.72 2.86%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.52 13.23%
dai
Dai (DAI) $ 0.99978 0.02%
bittensor
Bittensor (TAO) $ 464.71 1.27%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 2.10%
arbitrum
Arbitrum (ARB) $ 0.75483 0.94%