Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP
Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP

Coronavirus: evidence of demand shock wave to China’s economy piles up, as South Korean exports collapse

  • South Korean exports plunged 46.3 per cent in the first 10 days of May, sparking fears that a second hit to China’s economy is on the way
  • Cancelled ship sailings, plunging metals exports and diverging air and sea freight rates all paint an ominous picture for the future of China’s economy

Topic |   Coronavirus pandemic
Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP
Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP
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