Monerd coin next to Euro bank notes sticking out of a wallet on black background. Digital currency, block chain market. Euro bills next to crypto coin
Forex

South Korea’s technology exports fell for the first time in more than two years in July

11 sierpnia, 2022
James Michael Ford

South Korea trade ministry export data, the report comes via Bloomberg (gated).

Exports of information and communications products -0.7% y/y in July

  • prior +6.8% June

Memory chips -13.5%

  • semiconductor shipments as a whole + 3.1%

Exports overall rose 9.4% y/y in July.

Bloomberg add:

South Korea’s technology exports declined for the first time in more than two years in July, in a sign that global demand is cooling as concerns mount about the outlook for the world economy.