Economic Indicators
S.Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion
2022.06.13 03:46
FILE PHOTO: A truck moves a shipping container at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) – South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed on Monday.
The country’s imports grew 17.5%, however, bringing the trade balance to a $6 billion deficit for the period.
By product, exports of semiconductors grew 0.8% and petroleum products surged 94.5%, but those of cars, automobile parts and wireless communication devices fell 35.6%, 28.8% and 27.5%, respectively.
By destination, shipments to China, the United States and European Union shrank 16.2%, 9.7% and 23.3% each.
