S.Korea 20-day exports fall on holiday effects, slow global economy

South Korea’s exports fell 8.7% in the first 20 days of September from the same period a year earlier due to holiday effects and amid signs of slowing growth in major trading partners, customs agency data showed on Wednesday.

The country’s imports for the same 20-day period rose 6.1%, producing a trade deficit of $4.1 billion, the Korea Customs Service data showed.

The poor export performance, compared with positive growth seen in recent months, was due mainly to fewer working days this month than a year because of the Chuseok holidays.

Average exports per working day during the Sept. 1-20 period rose 1.8% from a year before, it added.

Finance Minister Choo Kyung-ho held a meeting of senior government officials to review trade conditions and vowed to focus policy to help exporters.


Input your search keywords and press Enter.

You cannot copy the content of this page