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South Korea’s exports fell 6.1% in September as the impact of US President Donald Trump’s sweeping tariff measures outweighed the benefits of having more working days in the month. This situation has illustrated how protectionist trade policies can have undesirable effects, which is also observed in data affected by holidays. Regarding the decrease in South Korea’s exports, data from reliable sources revealed that the 6.1% decline in September was the lowest compared to the same period last year, after accounting for the number of working days. This was after the overall exports surged by 12.7%, following a slight upswing of 1.2% in August. On the other hand, imports increased by 8.2%, resulting in a trade surplus of $9.6 billion.  Trump’s extensive tariff policies threaten South Korea’s economic growth  The recent data released indicated how the calendar affected business operations. Regarding the working days set, this year’s September had 22 official working days due to the October Chuseok holiday, while last year’s September had only 20 working days.  The change observed in the working days boosted the monthly total but reduced the daily average. This decline ended a three-month streak of growth, according to reports. Following this information, South Korean officials and analysts concluded that the situation resulted from the tension triggered by Trump’s tariff policies, which caused exporters to send shipments out earlier before the policies took effect.   The drop in South Korea’s exports demonstrates the difficult circumstances that exporters in the country face during this new phase of protectionism initiated by Trump’s presidency. With these figures released, officials at the Bank of Korea might consider the urgency of resuming their monetary easing strategy when they review their policy on October 23.  Notably, exports in South Korea play a significant role in the country’s economy. To support this claim, data released…

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Filed under: News - @ October 1, 2025 5:26 am