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S. Korea's exports shrink 8.2 pct on-year in March

All Headlines 09:00 April 01, 2016

SEOUL, April 1 (Yonhap) -- South Korea's exports continued to shrink from a year earlier in March, but the rate of decline slowed significantly from the previous month, government data showed Friday.

Outbound shipments came to US$42.98 billion in March, down 8.2 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.

March marked the 15th consecutive month since the start of last year the country's exports dropped from a year earlier. However, the March tally marks an 18 percent spike from a month earlier.

Also, the country's trade surplus widened to $9.82 billion in March from a $7.39 billion surplus in the previous month as imports dropped at a faster rate than exports.

In March, overall imports plunged 18.3 percent on-year to $33.16 billion.

March also marked the 50th consecutive month of a trade surplus.

bdk@yna.co.kr
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