Taiwan's exports decline as demand for microchips declines.

Taiwan's export orders for overseas shipments in March fell by 25.7% against the same period last year, to $46.58 billion. This was the sharpest drop since January 2009, when exports fell due to the global financial crisis. The decline was led by Taiwan's consumer electronics sector, which is responsible for 60% of the world's chip supply. Analysts link the slump to the overall drop in demand for consumer electronics, such as PCs and mobile phones, after the Covid-19 pandemic.