1 minute
Trade wad does not prevent growth of export from South Korea
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 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.