South Korea's early October export data rebounded for the first time in a year
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发表于 2023-10-25 15:15:57
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South Korea is an export-oriented economy, with exports accounting for approximately 50% of the country's GDP. Due to the export of various products such as chips from South Korea, which involve numerous supply chains, its data has become an important barometer for measuring international trade trends and is therefore known as the "canary" of the global economy. Early export data released by South Korea on the 23rd showed that the country's daily average export volume in the first 20 days of October resumed growth for the first time in over a year. Analysis suggests that the rebound in South Korean exports is one of the clear signs of global demand recovery, indicating that world trade is beginning to recover vitality after the global economic slowdown.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.