South Korea November exports have plunged, -14% y/y (expected -11%)

Terrible export data from South Korea for November, worse than expect.

Exports -14% y/y

• expected -11%, prior -5.7%
• exports to China collapsed to +25.5% y/y in November
• semiconductor exports worse again, -29.8% y/y

Imports +2.7% y/y

• expected +0.2%, prior +9.9%

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I posted yesterday that:

• South Korea is often viewed as a leading indicator for the global economy

That was in reference to the plunge in industrial output, this export data won't doo too much to soothe that concern.