Taiwan's export orders fell for the 16 consecutive month in July compared with a year earlier, according to statistics released Monday.
Taiwan-based companies received US$35.03 billion in export orders in July, down 3.4 percent year-on-year, the Ministry of Economic Affairs said.
The ministry earlier forecast that export orders in July could improve over last year's numbers and said even if that is not the case, there is an 80 percent chance that export orders in August will exceed those of last year.
The 16 consecutive months of decline has been the longest in Taiwan's history, eclipsing the previous record of 12 consecutive months of decline in orders during 2008 and 2009 when a financial crisis battered the global economy.
Source: Focus Taiwan