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S.Korea's exports expected to keep longest monthly fall in June

SEOUL
2016-06-21 14:00

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South Korea's exports were expected to keep the longest monthly fall in June as the shipments posted a double-digit decline for the first 20 days of this month, customs data showed on Tuesday.

Exports, which account for about half of the export-driven economy, came in at 25.66 billion U.S. dollars for the first 20 days of June, down 12.8 percent from the same period of last year, according to the Korea Customs Service.

The country's exports reduced 6.0 percent in May, maintaining the longest monthly fall of 17 months since the relevant data began to be compiled in 1970.

Given that this year's June has less business days compared with last year, this month's exports actually increased 0.6 percent, the customs office said.

For the first 20 days of June, imports amounted to 21.75 billion U.S. dollars, sending the trade surplus to 3.91 billion dollars.

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