KORUS A Step Closer as South Korea’s Trade Boom Completes Month 22 — Panjiva


KORUS A Step Closer as South Korea’s Trade Boom Completes Month 22

China 1758 Cons. Discr. - Autos 661 Info Tech - Comms Equip 118 Info Tech - Tech Hardware 378 Metals - Steel 360 South Korea 383 Tariffs 1169 Trade Balance 657 Trade Deals 702 U.S. 3297

South Korea’s trade expansion entered a 22nd straight month with a 9% rise in August. Export growth of 9% represented a second month of expansion and included a 21% rise in shipments to China. That suggests the U.S.-China trade war has yet to spillover into Asian supply chains. The telecoms industry was a laggard with a 15% decline in exports of phones. U.S. trade actions have yet to bite South Korea with steel exports actually up by 21% while the autos industry experienced a 1% increase in vehicle exports vs. an 8% decline in the prior three months. The trade surplus with the U.S. of $1...

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