US Overtakes China as South Korea’s Prime Export Market

South Korean exports to the US exceeded shipments to China for the primary time in 20 years final month, in an indication of shifting ties amid international tensions over financial safety and tech provide chains.

South Korea offered $11.3 billion in items to the US in December in contrast with $10.9 billion to China, the commerce ministry mentioned Monday. The change in positions got here as South Korea’s total exports rose 5.1% from a 12 months earlier — a 3rd month-to-month enhance after a yearlong stoop.