Taiwan’s Export Slump Eased for a Second Month in May

By Janet Ong

June 8 (Bloomberg) -- Taiwan’s exports fell at a slower pace for a second month as Chinese demand for electronics provided some relief for the recession-stricken economy.

Overseas shipments fell 31.4 percent in May from a year earlier, following a 34.3 percent drop in April, the Ministry of Finance said in Taipei today. The median estimate of 10 economists surveyed was for a 34 percent decline. The island posted a trade surplus of $3.17 billion as imports slid 39.1 percent.

To contact the reporter on this story: Janet Ong in Taipei at jong3@bloomberg.net