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WTO: S. Korean Exports Drop 8.6% in Q2

Written: 2019-09-23 13:10:41Updated: 2019-09-23 14:42:23

WTO: S. Korean Exports Drop 8.6% in Q2

Photo : YONHAP News

​South Korea’s exports fell sharply in the second quarter amid a drawn-out trade war between the U.S and China and a weak semiconductor market.

According to monthly statistics on merchandise trade released by the World Trade Organization(WTO), South Korea shipped a total of 138-point-59 billion U.S. dollars' worth of goods from April to June, down eight-point-six percent from a year earlier.

The WTO said it was the second-largest on-year drop in exports among G20 countries behind only Indonesia, which saw its exports drop nine-point-one percent in the second quarter. Russia came in third with an eight-point-three percent decline.

The numbers suggest that countries more reliant on trade with the U.S. and China saw relatively steeper drop-offs in export numbers. The U.S. and China, for their part, saw on-year exports decline three-point-one percent and one-percent, respectively.

Worldwide, the volume of South Korea's exports was the sixth largest, a notch down from the second quarter last year.

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