South Korea Feb 1-20 exports fall 2.3% despite more working days

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, Feb 21 (Reuters) - South Korea's exports for the first 20 days of February fell 2.3% from the same period a year before, customs agency data showed on Tuesday. The country's imports rose 9.3%, however, bringing the trade balance for the period to a deficit of $5.99 billion. By destination, shipments to China dropped 22.7%, outweighing 29.3% and 18.0% gains for U.S. and EU-bound shipments, respectively. By product, semiconductor sales fell 43.9%, although cars rose 56.6%.


On average per working day, exports fell 14.9%. There were two more working days than a year before, due to the timing difference in Lunar New Year holidays.
(Reporting by Jihoon Lee; Editing by Christopher Cushing)

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