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S. Korea's export volume falls 2.4 pct in March

SEOUL
2023-04-26 11:46

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SEOUL, April 26 (Xinhua) -- South Korea's export volume fell in single digit last month owing to lower demand for semiconductors, central bank data showed Wednesday.

The export volume index retreated 2.4 percent in March from a year earlier after growing 1.0 percent in the previous month, according to the Bank of Korea (BOK).

In terms of volume, the outbound shipment of computers, electronic and optical devices, including semiconductors, tumbled 15.7 percent in March after dropping over 18 percent in January and February.

The export value index diminished 13.5 percent in March on a yearly basis, continuing to fall for the sixth consecutive month.

The import volume index was unchanged in March from a year ago, while the import value index slipped 6.6 percent on lower raw materials prices.

The net terms-of-trade index for goods, which gauges the amount of import that can be bought with a unit-export proceed, declined 5.1 percent last month on the faster fall in export prices than import prices.

The index has kept a downward trend for 24 months in a row.
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