SEOUL, May 11 (NNN-YONHAP) – South Korea’s export fell in double digits, in the first 10 days of May, due to the continued weakness in global demand for locally-made products, customs office data showed today.
Export amounted to 14.48 billion U.S. dollars, during the May 1-10 period, down 10.1 percent from the same period of last year, according to Korea Customs Service.
The outbound shipment kept sliding for the seventh consecutive month through Apr.
Import shrank 5.7 percent to 18.65 billion dollars, sending the trade deficit to 4.17 billion dollars. The trade balance stayed in red for the 14th straight month through Apr.
Semiconductor export retreated 29.4 percent in the 10-day period, while those for oil products, precision machinery and ships declined in double figures.
Car shipment more than doubled, and auto parts export gained 7.8 percent.–NNN-YONHAP
