Taiwan export orders shrink for 4th consecutive month

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The value of export orders received in Taiwan dropped in June from a year earlier amid weak global demand, marking the fourth consecutive month that export orders had posted a year-on-year decline, according to figures released Friday by the island's statistics authorities.

Taiwan's export orders totaled 36.38 billion U.S. dollars in June, down 2.62 percent year-on-year and down 0.25 percent from May. Export orders are an indicator of shipments in the next one to three months.

During the first six months this year, the island received export orders worth 212.75 billion U.S. dollars, down 0.91 percent from a year earlier.

Beatrice Tsai, a member with the island's statistics authorities, while announcing the figures at a press conference, said Taiwan's export orders are likely to continue to drop in July.

Orders from the Chinese mainland and the United States, the island's two largest export markets, fell 3.63 percent and 2.34 percent in June from a year earlier, respectively. Orders from the ASEAN (Association of Southeast Asian Nations) countries and Japan also posted a decline year-on-year.

Global orders for electronic goods registered a decrease of 340 million U.S. dollars, or 3.86 percent from the same period last year, being the main cause of the overall June decline.

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