Shulou(Shulou.com)11/24 Report--

November 22 news, according to foreign media reports, the decline in demand for consumer electronic products, resulting in a decline in demand for chips, especially memory chips, demand and prices have declined, and the performance of related manufacturers has also been affected.

As an important manufacturer and exporter of memory chips in the world, the decline in chip demand has a more obvious impact on South Korea, which will directly affect their exports, and according to their latest data, the decline in chip demand continues.

According to the latest data released by the South Korean Customs Office, in the first 20 days of November, South Korean chip exports totaled 5.28 billion US dollars, down 29.4 percent from a year earlier.

In addition to chips, South Korea's important exports include mobile devices such as smartphones, but exports of such products fell 20.6 per cent year-on-year to $1.36 billion in the first 20 days.

The decline in exports of products such as chips has also affected South Korea's overall exports. South Korea's overall exports in the first 20 days of this month were $33.2 billion, down $6.6 billion from $39.8 billion in the same period last year and down 16.7 per cent from a year earlier, according to the South Korean Customs Office.

Although imports also declined in the first 20 days, they fell only 5.5% from a year earlier, with imports of US $37.6 billion, which was also higher than US $33.2 billion in exports, with a trade deficit of US $4.4 billion.

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