South Korea April 1-20 Exports Fall as US Shipments Drop Amid Tariffs

(Anthony Wallace/AFP via Getty Images)

Sunday, 20 April 2025 09:01 PM EDT ET

South Korea's exports for the first 20 days of April fell 5.2% from a year earlier, dragged down by U.S.-bound shipments, customs data showed on Monday, amid President Donald Trump's sweeping tariff policies.

From this month, the U.S. has introduced 10% blanket tariffs and 25% auto tariffs, while 25% reciprocal tariffs on South Korea are currently paused for 90 days.

Exports to the U.S. fell 14.3%, while those to China, which is in a trade war with Washington, declined 3.4%. Shipments to the European Union rose 13.8%.

By product, exports of automobiles fell 6.5% and auto parts lost 1.7%, while semiconductors rose 10.7%. 

© 2025 Thomson/Reuters. All rights reserved.


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South Korea's exports for the first 20 days of April fell 5.2% from a year earlier, dragged down by U.S.-bound shipments, customs data showed on Monday...
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2025-01-20
Sunday, 20 April 2025 09:01 PM
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