The decline was Taiwan's biggest on a year-on-year basis and marks its fourth consecutive month of shrinking exports. Much of the drop came from electronics and computer-related products, long the drivers of Taiwan export growth.
The plunge in shipments bodes badly for China's December export figures, expected to be released next week, as many Taiwanese companies ship components to factories they own on the mainland for assembly.
Government officials in the Chinese provinces of Guangdong and Jiangsu, two of the country's three top export bases, do not expect any increase in exports this year, while officials from Zhejiang province are predicting a 9 per cent rise in shipments, according to a report in a leading Chinese newspaper yesterday.
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