The Ministry of Industry, Trade and Resources of South Korea has released a briefing on the country's foreign trade operations in August.
Data reality, August South Korea's export trade volume rose 6.6% year-on-year to 56.7 billion U.S. dollars, imports rose 28.2% to 66.2 billion U.S. dollars, trade deficit of 9.5 billion U.S. dollars, for the fifth consecutive month in the state of excess.
Among the 15 categories of major commodities, semiconductor exports saw negative growth for the first time in 26 months, with system semiconductor exports up 31% to $4.7 billion, while storage semiconductor exports declined, with SSD exports plunging 28.2% to $970 million.
In addition to semiconductors, wireless communication equipment, displays, computer exports also fell year-on-year, OLED panel exports fell 8.7% to $1.3 billion in the month.
According to export destinations, Korea's exports to the United States, ASEAN, the EU, Japan, India, the Middle East and other regional exports remained positive growth, while exports to China, Latin America and the CIS countries shrank.
source：aijiwei
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