South Korea's semiconductor exports fell 36.2% from a year earlier to US $7.37 billion in May.

[South Korean semiconductor exports in May fell 36.2% from the same period last year] according to the "May Import and Export Trends" report released by the South Korean Ministry of Industry, Trade and Resources on June 1, South Korea's exports in May were 52.24 billion US dollars, down 15.2% from the same period last year, so far South Korean exports have decreased for eight consecutive months compared with the same period last year. According to the report, South Korea imported 54.34 billion US dollars in May and had a trade deficit of 1.1 billion US dollars, the 15th consecutive month of South Korea's trade deficit. Analysts believe that the sharp decline in South Korea's exports in May is mainly due to the continued weakness of semiconductor exports. South Korea's semiconductor exports in May were $7.37 billion, down 36.2% from a year earlier, marking the 10th consecutive month of decline in South Korean semiconductor exports since August 2022.