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July exports bode ill for S. Korea’s trade

By Korea Herald
Published : July 11, 2016 - 12:09
[THE INVESTOR] South Korea’s July exports so far have plunged 21.6 percent from a year ago, fueling worries that exports will continue to spiral in the second half of the year.

According to the Korea Customs Service, exports between July 1 and July 10 came in at about US$ 10.35 billion, down 21.6 percent compared to the same period last year. From Jan. 1 to July 10, the country’s exports dropped 10.5 percent from a year ago to come in at US$ 252.1 billion. 




Until June, South Korea’s monthly exports showed year-on-year drop for 18 consecutive months, weighed down by slowing demand in emerging markets, and growing economic uncertainties facing the global economy.

By Choi He-suk (cheesuk@heraldcorp.com)

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