Taiwan's exports drops to $28.99 billion in October

Taiwan's exports dropped 1.5 per cent year on year to 28.99 billion US dollars in October, falling for two consecutive months, the latest data showed.

The decline was mainly due to the falling exports of base metals and their products, machinery, and plastics and rubber products, according to the data from the island's economic affairs authorities.

For the first 10 months, Taiwan's exports dropped 2.4 per cent from a year earlier to $271.27 billion, reports Xinhua.

The island's imports in October fell 4.1 per cent from a year ago to $25.04 billion, resulting in a trade surplus of $3.95 billion.

The Chinese mainland remained the biggest trade partner of Taiwan in the first 10 months, receiving $74.62 billion of the island's exports, or 27.5 per cent of the total.