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SMALL BUSINESS
Taiwan exports down 30 percent in June
AP
TAIPEI, Taiwan -Taiwan's exports fell 30.4 percent year-on-year in June, a slight improvement on the drops recorded in the previous six months, the island's government said Tuesday.
The Finance Ministry said June's exports totaled $16.9 billion, the highest figure since December when exports plunged 41.9 percent amid the global slowdown. May's exports of $16.2 billion were down 31.4 percent year-on-year.
The ministry said June's imports totaled $15.2 billion, down 33.5 percent year-on-year but marking a 17 percent increase from May.
Officials attribute the improvement in the export picture in part to China's economic stimulus package, which brought large-scale orders for Taiwanese electronics and other goods.
Taiwan's economy shrank by a record 10.2 percent year-on-year in the first quarter, largely because of the export slump.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-07-07 05:29:51
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