(MENAFN- QNA) South Korea's exports from information-communication technology (ICT) products dropped from a year earlier last month, partly due to a decrease in shipments to China, the government said Thursday.
Outbound shipments of ICT products came to US$14.19 billion in August, down 2.1% from the same month last year, according to the Ministry of Trade, Industry and Energy. Imports on the other hand increased 5.9% to $6.73 billion, causing the country's trade surplus in the sector to shrink to $7.46 billion, from $8.13 billion in August 2013.
The ministry partly attributed the drop in exports to a cut in the number of working days by one in August, noting the daily average amount of exports for working days had increased to $630 million from $617 million a year earlier.
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