Exports fall 22.1% in August as chip shipments decrease

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Exports fall 22.1% in August as chip shipments decrease

Korea’s exports dropped 22.1 percent in the first 10 days of August, mainly due to decreased shipments of semiconductors, one of the country’s key items, customs data showed Monday.

The country’s exports stood at $11.5 billion in the Aug. 1-10 period, according to the Korea Customs Service.

By product, exports of semiconductors and petroleum products fell 34.2 percent and 26.3 percent, respectively.

Meanwhile, outbound shipments of wireless communications devices and home appliances jumped 41.6 percent and 25.6 percent, respectively, the data showed.

Yonhap

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