off-the-wire

South Korea March 1-10 exports drop 16.2% yr/yr - customs agency

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, March 13 (Reuters) - South Korea's exports for the first 10 days of March dropped 16.2% from the same period a year before, customs agency data showed on Monday.


The country's imports rose 2.7%, however, bringing the trade balance to a $5 billion deficit for the period. By product, semiconductor exports slumped 41.2% and petroleum products fell 21.6%, but cars soared 133.7%.


By destination, shipments to China fell 35.3%, while U.S. and EU-bound shipments were up 5.6% and down 6.2%, respectively. Exports fell 27.4% on average per working day. (Reporting by Jihoon Lee; Editing by Christopher Cushing)

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