403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
South Korea exports drop 3.3 to 46.61billion
(MENAFN- Arab News) SEOUL: South Korea's exports shrank in July for a seventh straight month due to sluggish global demand and low oil prices government data showed Saturday.
Exports fell 3.3 percent from a year earlier to $46.61 billion in July while imports plunged 15.3 percent to $38.85 billion the Ministry of Trade Industries and Energy said.
Car exports fell 6.2 percent on-year to $3.99 billion while shipments of mobile communication devices including cellphones plunged 16 percent to $2.15 billion it said.
South Korean shipments to China shrank 6.4 percent from a year earlier the ministry said.
The country's trade surplus narrowed to $7.76 billion in July from the previous month's $9.98 billion. The trade balance has been in the black since February 2012.
Exports fell 3.3 percent from a year earlier to $46.61 billion in July while imports plunged 15.3 percent to $38.85 billion the Ministry of Trade Industries and Energy said.
Car exports fell 6.2 percent on-year to $3.99 billion while shipments of mobile communication devices including cellphones plunged 16 percent to $2.15 billion it said.
South Korean shipments to China shrank 6.4 percent from a year earlier the ministry said.
The country's trade surplus narrowed to $7.76 billion in July from the previous month's $9.98 billion. The trade balance has been in the black since February 2012.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment