Taiwan's exports grew at a weaker pace in October, data from the Ministry of Finance revealed Tuesday.
Shipments increased only 3 percent year-on-year in October, much weaker than September's 28.1 percent growth and forecast of 7 percent.
Likewise, imports growth slowed sharply to 0.1 percent from 22.2 percent. Economists had forecast imports to grow 2.1 percent.
On a monthly basis, exports dropped 4.7 percent and imports gained 0.6 percent in October.
As a result, the trade surplus narrowed to $5.2 billion from $6.7 billion in September. The expected level was $5.85 billion.
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