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Taiwan 2014 exports up 2.7pc to US$313.84 billion, but December off 2.8pc
TAIWAN saw exports fall 2.8 per cent in December, having grown 2.7 per cent to US$313.84 billion throughout 2014, the best annual gain since 2010 as electronic product overseas sales rose 13 per cent to hit $99.99 billion, an annual record.
While the full-year figure was robust, export strength was largely related to new product launches such as Apple Inc's iPhone 6 and demand was expected to drop once buying frenzy eases, Reuters reports.
Export-reliant countries in Asia suffer from persistent weakness in China, Europe and Japan this year, weaknesses which may not be offset by a stronger US economy.
"Taiwan's short-term export outlook has weakened to some degree," DBS economists said in a research note.
Exports to the US rose 14.6 per cent in December, overtaking November's 11.4 per cent gain while exports to China, Japan and Europe fell.
China remains the top export market for Taiwan as many Taiwanese factories on the mainland produce electronic gadgets destined for the United States and Europe, said the report.
Taiwan's factory activity stalled in December at the lowest level since August 2013. HSBC economist John Zhu warned the fall might not be a one-off given weak economic data in many of Taiwan's export markets, it added.
While the full-year figure was robust, export strength was largely related to new product launches such as Apple Inc's iPhone 6 and demand was expected to drop once buying frenzy eases, Reuters reports.
Export-reliant countries in Asia suffer from persistent weakness in China, Europe and Japan this year, weaknesses which may not be offset by a stronger US economy.
"Taiwan's short-term export outlook has weakened to some degree," DBS economists said in a research note.
Exports to the US rose 14.6 per cent in December, overtaking November's 11.4 per cent gain while exports to China, Japan and Europe fell.
China remains the top export market for Taiwan as many Taiwanese factories on the mainland produce electronic gadgets destined for the United States and Europe, said the report.
Taiwan's factory activity stalled in December at the lowest level since August 2013. HSBC economist John Zhu warned the fall might not be a one-off given weak economic data in many of Taiwan's export markets, it added.
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