S.Korea’s Exports Decline 10.9 Percent In June

SEOUL, July 1 (NNN-YONHAP) – South Korea’s exports declined 10.9 percent in June from a year earlier, keeping a double-digit fall for the third consecutive month, a government report showed today.

Exports, which take up about half of the export-driven economy, came in at 39.21 billion U.S. dollars in June, down 10.9 percent from the same month of last year, according to the Ministry of Trade, Industry and Energy.

Imports slipped 11.4 percent over the year to 35.55 billion dollars in June, sending the trade surplus to 3.66 billion dollars.

Outbound shipment continued to fall for the fourth straight month, keeping a double-digit decline for the third straight month with falls of 23.6 percent in May and 25.5 percent in Apr each.

The daily average exports plummeted 18.5 percent in June from a year earlier, after sliding 18.3 percent in May.

The daily average shipment came to 1.67 billion dollars in June, 1.62 billion dollars in May and 1.65 billion dollars in Apr.– NNN-YONHAP