South Korea’s Trade Decline Gathers Pace, Indicates Asian Export Slowdown — Panjiva
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South Korea’s Trade Decline Gathers Pace, Indicates Asian Export Slowdown

Info Tech - Tech Hardware 378 South Korea 383 Trade Balance 657

South Korea’s international trade slowdown stretched into its third month in February with an 11.7% drop in activity. That included a 10.9% drop in exports, or 8.9% if excluding the volatile shipping industry. Reduced trade in semiconductors was the main driver with a 24.8% slump in exports following a 6.8% slide in the prior three months. Exports to China, down 17.4%, and much of the rest of Asia are indicative of slowing activity the region. South Korea has been a leading indicator of regional decline since December.

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