Socio-Economics History Blog

Socio-Economics & History Commentary

South Korean Chip Exports Collapse 25% – Worst Since 2009

  • South Korean Chip Exports Collapse 25% – Worst Since 2009
    by Tyler Durden, https://www.zerohedge.com/
    South Korea’s exports are headed for another monthly drop amid slowing economic growth in China and weak demand for semiconductors, preliminary trade data for March shows.

    The preliminary data – for the first 20 days of the month – saw exports fell 4.9% from a year earlier, putting them on course for a fourth consecutive monthly decline.

    Imports in the first 20 days of March fell 3.4%, from a year earlier. Shipments to China slid 12.6% while overall sales of semiconductors, a key driver of Korea’s economy, decreased by 25& – the biggest YoY decline since March 2009…

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March 21, 2019 - Posted by | Economics | , , ,

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