South Korea’s Early Trade Data Show Export Gloom Continues
- Chip exports fall by double-digit figure as China sales slump
- Korea’s central bank wary of export drop weighing on economy
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South Korea’s early exports kept declining in August in the latest sign of lackluster global trade weighing on economic growth.
Daily shipments decreased 10.7% on average in the first 20 days of the month compared with a year earlier, the customs office said Monday. While total exports fell 16.5%, chip sales declined 24.7% and shipments to China dropped 27.5%.