Topics

Posted 10/1/2023, 4:48:00 AM

South Korea's Exports Show Signs of Recovery with Mildest Decline in 12 Months

South Korea's exports fell 4.4% in September, the mildest decline in a yearlong downturn and a hopeful sign for the global economy.
It was the 12th straight monthly decline in exports but the narrowest in that period.
The fall in exports to China eased to 17.6%, the slowest in 11 months.
Exports of semiconductors fell 13.6%, the slowest in a year, while car exports rose 9.5%.
South Korea posted a trade surplus of $3.7 billion in September, the widest since September 2021.

reuters.com

Relevant topic timeline:

8/24/2023

Hong Kong economic woes continue as exports fall for 15th month in a row

Hong Kong's exports continue to decline for the 15th consecutive month, with a 9% decrease in July, due to trade contraction with mainland China, the US, and Europe, affecting the city's economic recovery and prompting a downgrade in GDP forecast.

8/23/2023

Chinese economic slowdown set to impact Thai tourism

Thailand's tourism and exports, particularly in the chemical and plastic sectors, are expected to decline due to the economic slowdown in China caused by the real estate crisis, leading to a significant decrease in the number of Chinese tourists visiting Thailand and affecting the country's overall economy.

8/29/2023

Trade War Winner Vietnam Sees Exports Drop For Sixth Month

Vietnam's exports have declined for the sixth consecutive month due to weaker global demand and China's deteriorating economic outlook, posing a risk to the country's GDP growth target.

8/30/2023

South Korea exports to extend downturn amid worsening China outlook: Reuters poll

South Korea's exports are likely to have fallen for the 11th consecutive month in August due to a slower Chinese economy and weakening demand in other regions.

9/7/2023

China's exports drop by 8.8% in August as trade slump persists

China's imports and exports experienced a monthly decline in August, with exports falling by 8.8% and imports falling by 7.3%, indicating ongoing challenges despite some slight improvement.

9/18/2023

Singapore Non-Oil Exports Plummet in August, Marking 11 Straight Months of Decline Amid Slowing Global Demand

Singapore's annual exports fell for the 11th consecutive month in August, declining by 20.1% as the trade-dependent economy struggles with global headwinds and declining demand, indicating that export stabilization is not yet within reach.

9/19/2023

Japan's Exports to China Drop for 9th Straight Month Amid Weak Demand and Import Suspension

Japan's exports to China declined for the ninth consecutive month in August, dropping 11%, due to weak demand and the suspension of seafood imports following the Fukushima Daiichi nuclear plant incident.

10/13/2023

China's Exports and Lending Data Show Signs of Stability But Recovery Remains Uncertain Amid Global Slowdown

China's trade slump is gradually easing as September's exports fell less than expected, indicating a potential bottoming-out of global trade; however, uncertainties in the property sector and weak confidence among private firms continue to pose risks to the country's economic recovery.

10/13/2023

China Trade Data Shows Modest Improvement in Exports and Import Resilience

China's exports decline improved modestly in September, with the pace slower than the previous month, while imports remained largely unchanged, and analysts anticipate more support will be needed as external demand is expected to stay weak.

10/13/2023

China Trade Data Shows Signs of Economic Stabilization But Challenges Remain

China's exports and imports declined at a slower pace in September, indicating a gradual stabilization in the economy, although challenges remain in the face of deflationary pressure, a property crisis, global slowdown, and geopolitical tensions.

Topics

Posted 10/1/2023, 4:48:00 AM

South Korea's Exports Show Signs of Recovery with Mildest Decline in 12 Months

South Korea's exports fell 4.4% in September, the mildest decline in a yearlong downturn and a hopeful sign for the global economy.
It was the 12th straight monthly decline in exports but the narrowest in that period.
The fall in exports to China eased to 17.6%, the slowest in 11 months.
Exports of semiconductors fell 13.6%, the slowest in a year, while car exports rose 9.5%.
South Korea posted a trade surplus of $3.7 billion in September, the widest since September 2021.

reuters.com

Relevant topic timeline:

8/24/2023

Hong Kong economic woes continue as exports fall for 15th month in a row

8/23/2023

Chinese economic slowdown set to impact Thai tourism

8/29/2023

Trade War Winner Vietnam Sees Exports Drop For Sixth Month

Vietnam's exports have declined for the sixth consecutive month due to weaker global demand and China's deteriorating economic outlook, posing a risk to the country's GDP growth target.

8/30/2023

South Korea exports to extend downturn amid worsening China outlook: Reuters poll

South Korea's exports are likely to have fallen for the 11th consecutive month in August due to a slower Chinese economy and weakening demand in other regions.

9/7/2023

China's exports drop by 8.8% in August as trade slump persists

China's imports and exports experienced a monthly decline in August, with exports falling by 8.8% and imports falling by 7.3%, indicating ongoing challenges despite some slight improvement.

9/18/2023

Singapore Non-Oil Exports Plummet in August, Marking 11 Straight Months of Decline Amid Slowing Global Demand

9/19/2023

Japan's Exports to China Drop for 9th Straight Month Amid Weak Demand and Import Suspension

10/13/2023

China's Exports and Lending Data Show Signs of Stability But Recovery Remains Uncertain Amid Global Slowdown

10/13/2023

China Trade Data Shows Modest Improvement in Exports and Import Resilience

10/13/2023

China Trade Data Shows Signs of Economic Stabilization But Challenges Remain