In the direction of semiconductors, the decline reached 12.8%.
According to Bloomberg, the statistics of the first 20 days showed that the volume of South Korean exports decreased by 9% compared to the same period last year. Semiconductor exports showed a decrease of 12.8%, while in the Chinese direction it decreased by 16.3%.
Image Source: Bloomberg
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All this suggests that the demand for semiconductor components and memory chips in particular continues to decline. The sharp weakening of the South Korean national currency worsened the position of importers – the same purchase of equipment for the production of chips now costs them more, while revenue in foreign currency terms is falling. Components for communication networks from South Korea for the first 20 days of October were exported by 15.6% less in value terms than a year earlier, and the Taiwan direction showed a decrease in Korean export earnings by 26.7%. On the other hand, the United States delivered 6.3% more products in value terms, and even Vietnam posted a 1.7% increase. If exports of products to China decreased by 16.3%, then imports from China to South Korea increased by 10.9%.