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South Korea exports sink 20% in first 20 days of May

Christian Fernsby ▼ | May 22, 2020
South Korea’s exports dropped 20.3 percent in the first 20 days of May compared to the same period last year, data from the Korea Customs Service showed Thursday.
South Korea street
May   South Korea street
Disrupted by the coronavirus pandemic, the value of exports reached $20.3 billion, compared to $25.5 billion a year ago.

Topics: South Korea

By sector, exports of memory chips increased 13.4 percent, while shipments of automobiles sank 58.6 percent.

By country, exports dropped 1.7 percent to China and 27.9 percent to the United States.

So far this year, the outbound shipments by Korea has seen a 9.5 percent decline.