Korea's non-IT exports to U.S. fall 12.8% after tariffs: BOK report

Export containers are piled up at Pyeongtaek Port in Gyeonggi on April 1. [YONHAP]

Korea's exports of non-IT products to the United States fell more than 10 percent after Washington imposed a series of tariffs early last year, but their share of the U.S. market declined only modestly, a central bank report showed on Friday.

According to a report published by the Bank of Korea (BOK), exports of products subject to U.S. levies, including the 10 percent reciprocal tariffs, declined 12.8 percent annually from the second quarter of 2025 to the first quarter of 2026.

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During the cited period, Korea's share of the U.S. market for such products fell by 0.4 percentage points compared to declines of 1.9 percentage points for China, 2.1 percentage points for Japan and 2.2 percentage points for Germany.