Taiwan’s November exports surge for 17th straight month: Reuters poll

Taiwan flag police boat sails at Taipei port in Taipei
Police boats with Taiwan flags set sail at Taipei Harbor in Taipei, Taiwan, Feb. 9, 2021. REUTERS / Ann Wang

December 6, 2021

TAIPEI (Reuters) – Taiwan’s exports likely rose for 17 straight months in November, a Reuters poll showed, boosted by steady demand for chips and technology, and ahead of the buying season. important year-end shopping.

Taiwan, a global chip manufacturing hub and a key supplier to Apple Inc, is one of Asia’s major exporters of technology goods, and trade data is seen as an important gauge of world demand. world for technological devices.

Last month’s exports were expected to grow 23.3% from a year earlier, a Reuters poll of 20 analysts showed, slightly slowing from a 24.6% gain. in October.

Export forecasts range from 10% to 33% increase, reflecting uncertainty over the global economic recovery and ongoing supply chain disruptions caused by the COVID-19 pandemic.

The consumer price index (CPI) alone is expected to rise 2.5% from a year earlier, compared with October’s 2.58% gain.

Trade and inflation data are both due out on Tuesday.

(Poll compiled by Carol Lee; Reporting by Ben Blanchard; Editing by Rashmi Aich) Taiwan’s November exports surge for 17th straight month: Reuters poll

Caroline Bleakley

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