On August 21, the South Korean Customs Office released a data that South Korea's exports in the first 20 days of August were 278.$5.6 billion, down 16.5%。South Korea, whose exports account for about 50% of GDP, is often called the "canary" of the world economy.。Whenever there is a crisis in the global economy, this "canary" is the first to sound the alarm.。On August 21, the South Korean Customs Office released a data that South Korea's exports in the first 20 days of August were 278.$5.6 billion, down 16.5%; imports of 314.$2.1 billion, down 27.9%。South Korea's exports have continued to decline this year.。South Korea's July exports down 16.5% to 503.$300 million, the 10th consecutive monthly decline and the biggest drop since May 2020。Analysis points out that the continued downturn in chip demand is the biggest reason for the decline in South Korea's exports。According to South Korea's customs office data, chips as South Korea's main export products have been 13 consecutive months of negative growth, exports in July this year fell sharply by 34%。The continued decline in South Korea's exports is the latest sign that the global trade downturn is dragging down economic growth, while also revealing the icy reality of the bumpy road ahead for the world economic recovery。