Economics
Korea Early Exports Hold Up on Chip Sales Despite China Lockdown
- Exports to China drop, while those to the US rose almost 20%
- Semiconductor shipments led exports on demand for tech
Container ships are docked in the Busan Port Terminal (BPT) in South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
South Korea’s early trade data showed exports remained resilient in the face of risks to global economic growth and China’s Covid lockdowns that are disrupting supply chains.