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S. Korea's export falls 7.8 pct in 20 days of February

SEOUL
2024-02-21 11:39

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SEOUL, Feb. 21 (Xinhua) -- South Korea's export fell in the first 20 days of this month owing to lower business days, customs office data showed Wednesday.

Outbound shipment declined 7.8 percent from a year earlier to 30.72 billion U.S. dollars in the February 1-20 period, according to the Korea Customs Service.

Considering the number of working days, the daily average export expanded 9.9 percent in the 20-day period. The monthly export kept an upward trend for the fourth consecutive month through January.

Import tumbled 19.2 percent to 31.95 billion dollars in the February 20-day period, sending the trade deficit to 1.23 billion dollars.

Semiconductor shipment jumped 39.1 percent to 5.29 billion dollars in the cited period, marking the fastest 20-day growth in two and a half years since August 2021.

Export for automobiles, steel products, auto parts and precision machinery all retreated in double digits.

Import for crude oil, natural gas, coal, machinery, oil products, cars and mobile devices recorded a double-digit fall in the 20-day period.
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