Taiwan's trade data likely to show no improvement in external demand

Taiwan's finance minister signaled that there is a continuous decline in the exports at a faster momentum in November's first three weeks, per his comment "no improvement".

Last week might not have shown much of  a difference, but new export order PMIs deteriorated in Taiwan, South korea and Japan in November.

As pe the market consensus, exports in November are expected to decline at 10.5%, while imports are likely to decline at 20.6%. The trade balance is expected to be 5.98 USD bn in the month of November.

"We expect exports to have fallen faster, by 13% yoy in November after a drop of 11% yoy previously. Imports are likely to have declined further given the lacklustre external demand".