Taiwan's October exports fell by nearly 2 billion US dollars compared with September due to the global financial crisis, the Finance Ministry said Friday.
Taiwan's October exports totaled 20.8 billion US dollars, down by 1.88 billion US dollars or 8.3 per cent from September, reported dpa.
This is the biggest decline in terms of cash volume since July 2007, and the biggest percentage of decrease in six years and 9 months, the ministry said.
The ministry blamed the fall in exports on the global financial crisis which has hurt consumers' buying power in import countries and wrecked these countries' economy.
Taiwan's January-October exports hit 225.2 billion US dollars, up 11.9 per cent, while January-October imports reached 213.8 billion US dollars, up 18.5 per cent.
Taiwan's January-October trade surplus was 11.4 billion US dollars, which is 9.5 billion US dollars, or 45.4 per cent less, than 2007's January-October surplus.