Taiwan exports fell 6 percent in April

Mon, 05/07/2012 - 5:11am
The Associated Press

Taiwan says its exports declined 6 percent to $25.5 billion in April amid waning foreign demand for its tech products.

The Finance Ministry said Monday that exports to the U.S. fell 16 percent from a year earlier to $2.7 billion amid a sharp decline in handset deliveries.

It said overall exports to China and Hong Kong fell 11 percent, while handsets surged 40 percent as makers tapped the growing mainland market.

The bleak export picture was partly due to weak sales at HTC Corp. Taiwan's top smartphone maker is facing keen competition from Apple Inc. and Samsung Electronics Co.

HTC reported Monday that its April revenue fell 20 percent to $1.06 billion, following a 35 percent decline in the first quarter.



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