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S. Korea’s Exports to China Drop Amid Fallout From Lockdowns

  • April exports to China fell 3.4% y/y amid Beijing lockdowns
  • Trade deficit was due to growing imports led by energy prices
Updated on

South Korea’s exports to China dropped in April, highlighting the impact that Covid-related lockdowns in Chinese cities are having on supply chains around the region.

Shipments to China fell 3.4% from a year earlier, compared with a 16.6% gain in March, according to a release on Sunday from the South Korean trade ministry. Overall exports advanced 12.6% last month, while semiconductor sales increased 15.8%.