March 13, 2023 00:46 GMT
Semiconductors & Exports To China Remained Weak In Early March
Some more detail on the first 10-days of trade data for South Korea. Exports of semiconductors still remain weak, -41.2% y/y. If it wasn't for a +133.7% rise in car exports the headline result would have been softer (it came in at -16.2% y/y for the first 10 days of March). Exports to China also remained weak, -35.3% y/y. Trends were more positive elsewhere, with the US +5.6% y/y.