Taiwan's exports decreased 35.7% on year to US$15.59 billion in March 2009, according to Taiwan's Bureau of Foreign Trade (BOFT) of the Ministry of Economic Affairs (MOEA). Exports of IT and electronics products went down 33.6% in March compared with a year ago.
Taiwan's export dependency on China grew to 40.6% in March, though the exports to the market (including Hong Kong) fell in value by 37.5% on year, said BOFT.
Taiwan's total foreign trade value slid 42.6% on year to US$27.76 billion last month, with both imports and exports experiencing on-year drops, according to BOFT.
Taiwan: Import/ export value, 4Q08 and 1Q09 (US$b) |
| Export | Q/Q | Import | Q/Q |
October | 20.81 | - | 17.68 | - |
November | 16.77 | - | 15.09 | - |
December | 13.63 | - | 11.68 | - |
4Q 2008 | 51.21 | (26.8%) | 44.45 | (36.0%) |
January | 12.37 | - | 8.97 | - |
February | 12.59 | - | 10.92 | - |
March | 15.59 | - | 12.17 | - |
1Q 2009 | 40.55 | (20.8%) | 32.06 | (27.9%) |
Source: BOFT, compiled by Digitimes, April 2009