Taiwan’s export orders declined more-than-expected in November, mainly due to a slump in demand for precision instruments, clocks and watches, basic metals and leather products, figures from the Ministry of Economic Affairs revealed Monday.
Export orders fell 6.3 percent year-on-year, while economists had forecast a 5.3 percent decline.
Orders for precision instruments, clocks and watches and musical instruments dropped 21.2 percent. Shipments of basics metals and related products declined 19.9 percent. Demand for leather products fell 18.3 percent and that for plastics tumbled 16.8 percent.
Export orders decreased 4.2 percent from the previous month.
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