SEOUL, Mar 21 (NNN-YONHAP) – South Korea’s export fell 17.4 percent from a year earlier, to 30.95 billion U.S. dollars for the first 20 days of Mar, customs office data showed, today.
Import shrank 5.7 percent to 37.27 billion dollars in the cited period, sending the trade deficit to 6.32 billion dollars, according to Korea Customs Service.
The country’s export continued to slide since Oct last year, amid weaker global demand for tech products.
Semiconductor export dipped 44.7 percent, during the Mar 1-20 period, compared to the same period last year, keeping a downward trend since Aug, last year.
Outbound shipment for mobile phones, oil products, precision machinery and steel products, all declined in double figures in the cited period, but automotive export jumped 69.6 percent.
Import for cars and machinery increased in the 20-day period, but those for crude oil, natural gas and oil products reduced in double digits.
The country’s trade balance stayed in red since Mar, last year, amid the continued export fall.– NNN-YONHAP
