Hostname: page-component-55f67697df-2z2hb Total loading time: 0 Render date: 2025-05-08T16:55:37.512Z Has data issue: false hasContentIssue false
  • English
  • Français

This Doesn't Look Good: Taiwan, Korea, and China Exports Tank

Published online by Cambridge University Press:  07 May 2025

Brad Setser
Rights & Permissions [Opens in a new window]

Extract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

Words don't really do justice to the brutality of recent downturn in Korean and Taiwanese exports.

These look a lot like charts of financial variables after a bubble bursts, not charts of the level of exports. That isn't good.

Looking just as the monthly data risks being misleading. There is a lot of seasonality in Taiwan's exports. They usually dip in February. It is a short month, it often corresponds with the Chinese new year and the data isn't seasonally adjusted. A small dip in December after the end of the Western holiday season also isn't unusual. But such a big dip in December is most unusual. Plotting the rolling 3m sum eliminates the big February dip. The current downturn is real.

Type
Research Article
Information
Asia-Pacific Journal , Volume 7 , Issue 3 , January 2009 , e4
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2009