South Korea Export value decreased for 10 consecutive months October 1 at 19:46
According to Korea ’s trade statistics released last month, exports fell below the same month last year for 10 consecutive months. In particular, the decline in exports to China is conspicuous, and it shows the impact of trade friction between the United States and China.
According to the trade statistics released by Korea's Ministry of Industry, Trade and Industry on the 1st, exports and imports both fell below the same month of the previous year.
Of these, exports that drive the Korean economy decreased by 11% to approximately 44.710 billion dollars, the 10th consecutive month of decline.
By country, exports to China, in particular, have fallen by over 21%, indicating the impact of a drop in demand in China against the backdrop of trade friction between the United States and China.
On the other hand, the person in charge of the Ministry of Industry, Trade and Industry said that “the impact is limited” regarding the impact of the strict export control on three items such as semiconductor raw materials for South Korea in July. Showed.