Indicators
South Korea’s Early Trade Data Show Slowing Export Growth
- Exports have underpinned South Korea’s economic growth so far
- Global semiconductor demand is central to export performance
This article is for subscribers only.
South Korea’s early trade data showed that growth in exports has slowed so far this month, led by a sharp drop in demand for oil products and mobile phones even as semiconductor shipments held up.
The value of shipments adjusted for working-day differences edged up 1% from a year earlier in the first 20 days of October, according to data released Monday by the customs office. That compared with the 7.5% gain reported earlier for the full month of September.