"KSM" warning: south korea's October exports cool significantly, with chip exports slowing down.
South Korea's total exports increased by 1% in the first 20 days of October, a significant drop from the 7.5% growth rate for the entire month of September. Exports of petroleum products and wireless communications equipment plummeted. At the same time, amid concerns about chip demand, South Korea's semiconductor export growth rate has been slowing for several consecutive months.
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Data Analysis: CPI, the "ksm" of the financial market.
Global economic 'ksm' export growth slowed down, while semiconductor exports still surged by 50.2%.
Early trade data from South Korea shows that export growth has slowed down this month.
The global economy's “canary” trade surplus hit a 41-month high! Chip exports surged 54.5%
Driven by strong global demand for chips, South Korea's export data, which has the title of the global economy's “canary”, continued to grow sharply in May, driving the country's international trade balance to the largest surplus level since 2020, and supporting the Bank of Korea's policymakers' optimistic view that this year's economic expansion was better than expected. Shipments reflecting differences in weekdays increased 9.2% year-on-year, down from 11.3% in April, according to data released by Korea Customs on Saturday. Without adjustments, South Korea's overall export data for May increased by 11.7%, while total imports fell by 2%.
South Korea's “canary” news: the global economy is recovering at an accelerated pace, chip exports increased 45% year over year
① According to trade data released by Korea Customs, South Korea's exports have continued to grow at a double-digit rate since May this year, indicating that the global economy is also growing at an accelerated pace this year; ② The recovery in semiconductor demand is particularly evident. According to Korea Customs data, in the first 20 days of May, South Korea's semiconductor exports increased by 45.5% over the same period last year.