S. Korea’s exports fall by 8.3% to $43.51bn in Sept

SEOUL: South Korea’s exports reduced 8.3 percent in September from a year earlier, keeping a downward trend for nine straight months, a government report showed on Thursday.

Exports, which account for about half of the economy, declined 8.3 percent from a year earlier to 43.51 billion U.S. dollars in September, after tumbling 14.7 percent in the prior month, according to the Ministry of Trade, Industry and Energy.

You might also like

Weak South Korean economy and cooling North Korea ties threatening Moon Jae-in’s political future

27/04/2019

Finance minister stresses innovation at industrial trade fair in Russia

13/07/2018

Imports plunged 21.8 percent on-year to 34.56 billion dollars in September. Both exports and imports maintained the downward trend for nine months in a row.

Helped by faster decline in imports than exports, trade surplus reached 8.94 billion dollars in September, staying in the black for 44 months since February 2012.