Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
China Home Prices Fall Again as Property Slump Drags on Growth 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
UK Economy Grows 0.4% in July, Beating Forecasts 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Add as a preferred source on Google
South Korea's airfreight export deliveries reached $183 billion in 2020 to account for 36 percent of the country's combined $512.5 billion exports last year, according to the data compiled by the Korea International Trade Association (KITA).
Maritime transport still accounted for the majority of $325.8 billion, but it edged down 5.6 percentage points while air cargo rose 5.4 percentage points on-year.
According to KITA, the increase in air cargo volume was triggered by the growing global demand for high-value products, such as memory chips, solid-state drives, organic light-emitting diode (OLED), and biohealth goods.
Last year, South Korea's chip exports increased 5.6 percent to reach $99.1 billion, while those of biohealth products surged 54.4 percent to reach $14 billion.
KITA noted that maritime shipping lost ground due to the high freight costs coupled with container shortages.
The weaker performance of heavier goods, such as automobiles and steel, contributed to the weaker demand for maritime shipping services.
Automobile exports shed 13.1 percent on-year at $47.9 billion, and those of steel dropped 14.4 percent to $26.5 billion.
