Mar. 14, 2023 /SemiMedia/ -- According to recent data released by South Korea Customs, chip exports in the first 10 days of March plummeted by 41.2% during this period to only $2.26 billion as chip exports remained weak.
Exports to China fell 35.3% in the first 10 days of March, the data showed. As of last month, it has shown a downward trend for 9 consecutive months. In addition, in the first 10 days of March, South Korea's exports to the EU fell by 6.2%, Vietnam by 16.4%, and Japan by 7.3%. In contrast, exports to the US and India increased by 5.6% and 5.5%, respectively.
In January, South Korea's semiconductor exports plummeted 44.5% year-on-year. In the first 20 days of February, South Korea's overall exports fell 2.3% year-on-year, with chip sales plummeting 43.9%.