Economic strength needle! Global trade “canary” exports grew steadily in March, and chip exports hit a new high in two years

South Korea's exports continued to grow in March, supporting policymakers' confidence that the Korean economy will achieve strong growth in the first quarter against the backdrop of growing global demand for semiconductors and technical equipment.

Zhitong FinanceMar 31 22:39 ET

Chip exports surged 46%! Global economic “canary” export data continues to be hot

The Zhitong Finance App learned that South Korea's early export data for March suggests that South Korea's export scale continues the sharp expansion trend in recent months. The main logic is that exports of chip products and ships have increased dramatically. This provides stronger confidence to South Korean policymakers aiming to achieve faster economic expansion this year. According to the latest data released on Thursday by South Korea, which is regarded by the market as the “canary” of the global economy, exports increased 11.2% year on year in the first 20 days of March, with the overall export value of chip products increasing sharply by 46.5% year on year. Imports fell 6.3%, and the trade balance was approximately US$711 million. America and

Zhitong FinanceMar 20 23:28 ET

Demand for electronic products is strong, and exports of the global economy “canary” maintained growth momentum in February

According to data released by Korea Customs on Wednesday, the value of goods adjusted for differences in working days increased by 9.9% in the first 20 days of February compared to the same period last year.

Zhitong FinanceFeb 20 21:55 ET

“Canary” alarm: South Korea's exports fell 1% in the first 20 days of January, compared to a 13% increase in the previous value

In the first 20 days of January, South Korea's exports returned to a year-on-year decline, and the decline in imports widened, leading to a trade deficit of 2.6 billion US dollars. Chip exports bucked the trend and increased nearly 20% year over year.

wallstreetcnJan 21 22:05 ET

The road to global trade recovery is bumpy! The growth rate of “canary” exports has slowed, and chip exports have increased by about 20%

The slowdown in South Korea's export growth may indicate a bumpy road to global trade recovery this year.

Zhitong FinanceJan 21 21:51 ET

Semiconductors drive export recovery! The global economy's “canary” exports are expected to grow for two consecutive months

Exports are likely to grow 4.7% year on year in November and 5.1% year on year in October; among them, exports of semiconductor products from South Korea are expected to increase after a lapse of 16 months.

Zhitong FinanceNov 29, 2023 03:23 ET