Financial Times FT.com

Taiwanese exports fall sharpest since 2001

By Robin Kwong in Taipei

Published: December 8 2008 16:42 | Last updated: December 8 2008 16:42

Taiwan’s exports last month fell by almost a quarter compared to a year ago, the sharpest drop since September 2001 and an indication of the accelerating downturn hitting export-oriented Asian economies.

The severe contraction in the island’s exports comes after South Korea reported last week that its November shipments dropped 18 per cent from the previous year.

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