TAIPEI – Taiwan’s exports likely rose for a fifth straight month in November, helped by strong demand for electronic goods as people work and study from home during the COVID-19 pandemic, according to the median forecasts of 13 analysts polled by Reuters.
Taiwan is one of Asia’s major exporters, especially of technology goods, and its export trend is a key gauge of global demand for technology gadgets worldwide.
Forecasts widely ranged between a growth of 6.0 percent and a rise of 13.8 percent amid uncertainties over the outbreak that has disrupted global supply chains and sent major economies into recession.
Exports were seen up 8.4 percent. In October, they jumped 11.2 percent, an expectation-beating pace.
Imports were seen edging up just 0.3 percent in November, after falling 1 percent in October. The trade data will be released on Monday.
Taiwan’s exports have been helped by demand for laptops and tablet s to suppor t the work-from-home trend during the pandemic.
Product launches by vendors such as Apple ahead of the yearend shopping season also likely helped fuel the demand.
The consumer price index (CPI) was tipped to fall 0.1 percent from a year earlier, compared with a drop of 0.24 percent in October.
Inflation data will be released on Tuesday.