Trade wad does not prevent growth of export from South Korea

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Trade wad does not prevent growth of export from South Korea

September 21, 2018 - 15:51
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Export from South Korea is growing despite of escalation of trade war between the US and China, Bloomberg reports. Shipments showed the highest growth in a year during first twenty days of September.

Seoul, South Korea | © cmmellow, CC0 1.0

Export from South Korea is growing despite of escalation of trade war between the US and China, Bloomberg reports. Shipments showed the highest growth in a year during first twenty days of September.

Export volumes grew by 22% compared with the same period last year. As usual, leading export goods include semiconductors, petroleum products and cars.

These data indicate that US-China trade conflict has very weak influence on real economy, economists think. Export to China rose by 29%, export to the US increased by 18,6%.

South Korean export gained 8,7% in August. This was the highest number in three months.