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S. Korea's exports on course to fall below 3% of global trade, a first since 2008 Updated: 2019-12-09 04:08:39 KST

South Korea's exports this year, as a proportion of global trade, are looking increasingly likely to fail to reach three percent for the first time in eleven years.
This is because of a variety of headwinds facing the country, including the U.S.-China trade war, Japan's trade restrictions on South Korea and a slowdown in the semiconductor industry.
According to the Korea International Trade Association and the IMF, in the first eight months of the year, total world trade was worth some 12-and-a-half trillion dollars.
Korea made up 2.9 percent of that.
The proportion had steadily risen over the decades, finally reaching 3 percent in 2009, a level it's since maintained.
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