Export slump eases due to reopenings, chips on recovery track

Yonhap News Agency | Aug 1, 2020 at 4:24 AM
  • — South Korea’s exports extended their slump to a fifth consecutive month in July amid the fallout of the new coronavirus, but the pace of decline slowed sharply due to reopenings, data showed Saturday.
  • The better-than-expected performance came as exports of chips, the mainstay product, advanced 5.6 percent over the period to reach $7.87 billion.
  • Shipments of petrochemical products dropped 21 percent to $2.96 billion due to weak oil prices.