October 21, 2019 / 12:15 AM / a month ago

S.Korea Oct 1-20 exports plunge on weak China sales, poor chips demand

SEOUL, Oct 21 (Reuters) - South Korean exports plunged 19.5% over the first 20 days of October from a year earlier, led by weak sales to China and poor global sales of semiconductors, data showed on Monday, clouding the trade-reliant economy’s outlook.

Exports to China dropped 20.0% for the Oct. 1-20 period from the comparable period last year, while shipments to the United States fell 17.4%, the customs agency data showed. Sales to the European Union tumbled 36.6%.

Global shipments of semiconductors, the largest single export item for Asia’s fourth-largest economy, fell 28.8% in value for the 20-day period on-year, the data showed. (Reporting by Choonsik Yoo; Additional reporting by Hayoung Choi; Editing by Tom Hogue)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below