South Korea's Exports Plunge 14.8% in First 10 Days of July

[beijingwalker]

South Korea's Exports Plunge 14.8% in First 10 Days of July​

July 12, 2023 at 07:41 am

South Korea's exports fell 14.8 percent on-year in the first 10 days of July due to sluggish shipments of chips, data showed Tuesday. The country's outbound shipments reached $13.3 billion in the July 1-10 period, compared with $15.5 billion tallied a year earlier, according to the data from the Korea Customs Service.

Imports dropped 26.9%, bringing the trade balance for the period to a deficit of $2.28 billion.

South Korea's Exports Plunge 14.8% in First 10 Days of July

-- South Korea's exports plunged 14.8% to $13.3 billion in the first 10 days of July from $15.5 billion a year earlier, owing to lower demand for semiconductor chips, Yonhap News reported Tuesday,...

www.marketscreener.com

 

[Menthol]

It's South Korea own mistake.

They already knew about before.

This news is just to justify it more clearly.

Nothing special about it.