South Korea's exports to China decline

Published May 1st, 2023 - 09:35 GMT
South Korea's Exports to China Experience Largest YoY Decline Among Major Exporters
South Korea accounted for about 6.2% of China's total imports during Q1

ALBAWABA - South Korea's exports to China decreased by 28 percent year-on-year to around $38.2 billion in the first quarter of the year.

The figures were obtained by Yonhap News Agency from the General Administration of Customs in China.

South Korea recorded the largest decline in exports to China among the major exporters to the country in the first quarter.

South Korea accounted for about 6.2 percent of China's total imports during the first quarter, down from 8.1 percent during the same period last year.

China's total imports fell by 7 percent year-on-year to $617.12 billion in the same period.

The decline was attributed to a sharp drop in semiconductor shipments and their prices.

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content