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S. Korea's exports to China dip for 12th consecutive month

All News 10:43 July 20, 2016

SEOUL, July 20 (Yonhap) -- South Korean exports to China fell 9.4 percent on year last month, marking the 12th straight month of declines, data showed Wednesday.

Shipments to China declined to US$10.2 billion in June, compared with $11.3 billion for the same month last year, according to the data from the Korea International Trade Association (KITA).

China grappling with slow growth is South Korea's biggest export destination.

The pace of declines in exports to China has slowed since May with exports dipping 9.1 percent on year during the month, compared with an 18.3 percent slip in April.

In the first six months of this year, exports to China fell 14 percent on year to $58.3 billion, according to the data.

Semiconductor shipments to China declined 17.6 percent on year to $11.1 billion for the six months.

Exports to the United States also fell 3.9 percent on year to $34.3 billion for the January-June period, the data showed.


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