A higher ratio typically indicates that companies face more hurdles in selling their products, although the number can rise as companies rack up large shipments. A higher ratio may also prompt chip makers to scale back production. or cut prices to maintain sales.
Exports of semiconductors, the country’s largest export item, fell 42.5 percent to $5.96 billion in February from a year earlier, due to the decline in the semiconductor industry.
With South Korea’s heavy reliance on the chip industry, its exports fell for the fifth consecutive month in February this year, falling 7.5% year on year to $50.1 billion.
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