Taiwan Dec export orders fall for 4th month, uncertainty darkens outlook

TAIPEI: Taiwan’s export orders contracted for a fourth straight month in December, hit by slumping Chinese demand and weaker global consumer spending due to inflation and interest rate hikes.

The island’s export orders, a bellwether for global technology demand, slid 23.2% from a year earlier to $52.17 billion, the Ministry of Economic Affairs said on Tuesday. That was better than analysts’ expectations for a 25.6% decline.