South Korea’s exports fell 11% in the first 20 days of April to $32.4 billion, compared with $36.3 billion during the same period last year.
The decline was driven by a 39% decline in the country’s semiconductor exports to $4 billion, amid a global downturn in industry, according to Korean news agency Yonhap.
Exports of steel and petroleum products also fell by 12.6% this month, recording $2.7 billion, and decreased by 25% exports of petroleum products to record $2.5 billion.
On the other hand, car shipments rose 58.1% year-on-year, reaching 3.48 billion dollars in April.
By destination, exports to China, South Korea’s largest trading partner, fell 26.8% to $6.29 billion.
Shipments to the United States increased by 1.4% to $5.89 billion and to the European Union by 13.9% over the period to $4.12 billion.
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