Testimonials

Excellent overall impression of R W Freight

Sweden Groupage Exporter
88419

We have used RW Freight numerous times over the years and will always use them to carry our freight.

Sweden Groupage Importer
7005

Excellent overall impression of RW Freight

Norway Groupage Exporter
78151

More Testimonials

air freight Australia Brexit Canada cargo China container containers Covid-19 Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey USA wine

Exports Drop from South Korea

Tags: , ,


South Korea’s exports fell for the fourth month running in March, because of declining semiconductor prices and slower economic growth in China.

The Ministry of Trade, Industry and Energy said exports had dropped 8.2 percent on-year last month to US$47.1 billion. Semiconductors fell the most, with a 16.6 percent plunge. Economic growth in China, which accounts for 26.8 percent of Korea’s exports, is slowing down. China’s trade war with the U.S. also contributed to Korean exports to the USA falling 15.5 percent.

The Bank of Korea projects Korean exports to fall by 1.4 percent this year.