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S. Korea's exports fall 3.9 pct in first 10 days of December

All News 10:50 December 11, 2018

SEJONG, Dec. 11 (Yonhap) -- South Korea's exports fell 3.9 percent in the first 10 days of December from a year earlier due largely to a decline in shipments of ships, customs data showed Tuesday.

The country's outbound shipments reached US$12.1 billion in the December 1-10 period, according to the data from the Korea Customs Service.

The office said that daily average exports, which reflect working days, fell 3.9 percent on-year to $1.72 billion in the checked period.

By product, outbound shipments of petrochemical goods advanced 18.3 percent, with exports of cars jumping 39.6 percent.

On the other hand, semiconductor exports fell 3.7 percent, and exports of ships declined 94.9 percent.

Exports to the United States and Japan rose 26.3 percent and 12 percent, respectively, while shipments to China and Middle Eastern countries fell 13.1 percent and 42.1 percent, respectively, the data showed.

South Korea imported goods worth $13.3 billion in the December 1-10 period, down 4.2 percent from a year earlier.

This undated photo shows containers carrying export goods in Busan, South Korea's largest seaport. (Yonhap)


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