In the first 20 days of May, South Korea's exports increased 1.5% to $32.75bn, driven by semiconductors, while imports fell 9.8% to $33.
South Korea's exports increased 1.5% in the first 20 days of May, reaching $32.75bn, driven by strong demand for semiconductors. Imports fell 9.8% to $33.05bn, leading to a $300m trade deficit. This is the seventh consecutive month of an upward trend in South Korea's monthly exports. However, exports for steel products and auto parts decreased, with automotive shipments falling 4.2% to $3.29bn.
May 21, 2024
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