South Korea’s early exports kept declining in August in the latest sign of lackluster global trade weighing on economic growth.
Daily shipments decreased 10.7% on average in the first 20 days of the month compared with a year earlier, the customs office said Monday. While total exports fell 16.5%, chip sales declined 24.7% and shipments to China dropped 27.5%.
Korean exports have been under pressure since late last year as semiconductor prices slid and demand from China slackened. Korea is one of the world’s largest exporters and the country’s exports serve as a useful indicator of the health of ...