Preliminary data show that South Korea's exports continued to be sluggish this month and plunged by nearly 40%

Now the storage industry is really too difficult. The price of SSD and memory cabbage is still falling. Every chip is losing money, which makes manufacturers lose money. South Korea's export is an important barometer of global trade, because its key products such as chips, monitors and refined oil span the supply chain.

According to the data released by the South Korean Customs Office on Tuesday, South Korea's exports in the first 20 days of February fell by 2.3% year-on-year due to the sluggish chip shipments. According to data, from February 1 to 20, South Korea's exports totaled US $33.5 billion, compared with US $34.3 billion in the same period last year.

Imports increased 9.3% year-on-year to 39.5 billion US dollars, resulting in a trade deficit of 5.9 billion US dollars. Data showed that the export of chips in the first 20 days of February fell by 43.9% year-on-year to US $3.8 billion.

In January this year, South Korean exports fell 16.6% year-on-year to US $46.27 billion, of which chip exports fell 44.5%, falling for five consecutive months.

According to the information provided by the supply chain, due to the sharp drop in global demand for consumer electronics, the revenue of the relevant supply chain manufacturers fell sharply year-on-year, especially the storage demand.

Although the prices of SSD and memory continue to fall, the user's purchase demand is not strong, which leads to the high inventory of Samsung and SK Hynix, and the previous financial reports of relevant storage manufacturers also show this problem. The loss is not good to stimulate sales.

At present, the industry generally expects that the semiconductor industry will have an inflection point in the second half of this year, but this is only expected, and may not be so optimistic in reality