In November, chip export revenue dropped for the first time in more than three years.
According to DigiTimes, citing official statistics, Taiwan’s export revenue has been declining for the third month in a row, in November it fell by 13.1% compared to the same month last year and reached a 19-month low. Since the beginning of the year, Taiwan has earned $443.78 billion from the export of goods, demonstrating an increase in the corresponding indicator by 9.4%.
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A significant part of Taiwan’s exports is provided by the supply of electronic components, in this direction the island’s revenue is declining for the first time after 42 months of continuous growth, in November it fell sequentially by 23.4% to $50.1 billion. Apparently, macroeconomic difficulties and a decline in demand associated with with the conditional end of the pandemic, only now they were able to influence the revenue of Taiwanese chip exporters.