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South Korea's Exports Dip Despite Semiconductor Surge

6/2/2025

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Summary

Story summary

In May, South Korea faced a setback as exports dipped 1.3% year-on-year, the first decline in four months, primarily impacted by U.S. tariffs. Despite this, semiconductor exports surged to $13.8 billion. However, shipments to both the U.S. and China plummeted by over 8%, resulting in a trade surplus of $6.94 billion.

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Story summary

In May, South Korea faced a setback as exports dipped 1.3% year-on-year, the first decline in four months, primarily impacted by U.S. tariffs. Despite this, semiconductor exports surged to $13.8 billion. However, shipments to both the U.S. and China plummeted by over 8%, resulting in a trade surplus of $6.94 billion.