S.Korea export decline slows in early Sept, helped by Huawei chip stockpiling

SEOUL: Robust chip sales and improved demand from major trading partners have slowed the pace of decline in South Korean exports which edged just 0.2% lower in the first 10 days of September.

That compares with a 23.7% drop in the Aug. 1-10 period. Imports, however, dropped 7.6%.

Korea Customs Service data showed outbound shipments of semiconductors, the nation’s top export item, surged 43.2% during Sept. 1-10 from the the same period a year earlier, while car exports rose 8.4%.