International Trade | Newsletter | WTCM

Global Trade Bellwether Sends Ominous Sign About Demand

May 21, 2020 2:31:55 PM / by Bloomberg

For anyone hoping global tech might be the one industry to dodge the economic fallout of the coronavirus, falling shipments from the world’s biggest chip exporter offers little comfort.

South Korea’s semiconductor exports dropped 15% in the first 20 days of April compared with last year, data from the Korea Customs Service showed Tuesday. Two fewer business days in the period compared with 2019 exaggerated the slump this month, but there’s still a warning signal: Chip sales haven’t escaped the gloom.

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Tags: Industry News, May 2020 Newsletter

Bloomberg

Written by Bloomberg