Attention! South Korea's exports to China plunged 28% in the first quarter

05月05日 12:14:04

According to the Global Times report: China's trade data on April 30 showed that in China's major exporters, South Korea's first quarter exports to China fell the most.


Data show that in the first quarter, South Korea's exports to China plunged 28% over the same period last year, mainly due to a sharp drop in semiconductor exports.

in the first three months to march 30, south korea's exports to china fell to 38.2 billion u.s. dollars. South Korea accounted for 6.2 percent of China's total imports in the same period, down from 8.1 percent in the same period last year, according to China's General Administration of Customs.

Data show that in the first three months of this year, China's total imports fell 7% to 617.12 billion US dollars.

In China's General Administration of Customs listed China's major trading partners of 23 countries and regions, South Korea's first quarter of China's exports fell the most.

the first quarter of 2022, South Korea's exports to China ranked second, second only to Taiwan. In the first quarter of this year, South Korea ranked fifth. The United States exported US $46.4 billion to China, Taiwan was US $44.4 billion, Australia was US $39.1 billion, and Japan was US $38.6 billion.

According to data from the Korea International Trade Association and the Bank of Korea, due to reduced demand for chips and falling prices, South Korea's semiconductor exports in the first quarter fell 40% from a year ago; in the first quarter, South Korea's chip exports to China plummeted 44.5 percent

Source: one shipping

The reprinting of the article is only for the purpose of disseminating more information and is for reference only. If you have any objections to the content, images, copyright, or other issues, please contact us at 0755-28288725, QQ: 2538196219, and we will reply and handle them promptly. Thank you!