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Korea Early Exports Edge Higher Amid Weakening Global Demand

  • Headwinds to exports remain strong; trade deficits persist
  • Declining shipments to China led the fall in headline exports
Updated on

South Korea’s early trade data showed exports are only just still growing in September in a sign of fallout from lockdowns in China and a struggling global economy.

Daily shipments advanced 1.8% on average in the first 20 days of the month compared with a year earlier, the customs office said Wednesday. Headline exports dropped 8.7%, led by a 14% decline in shipments to China. Semiconductor sales still increased by 3.4%.