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S. Korea's exports down 6.4 pct in first 10 days of May

Economy 09:25 May 13, 2019

SEJONG, May 13 (Yonhap) -- South Korea's exports fell 6.4 percent in the first 10 days of May from a year earlier mainly due to decreased shipments of semiconductors, customs data showed Monday.

The country's exports stood at US$13 billion in the May 1-10 period, compared with $13.9 billion in the same period last year, according to the Korea Customs Service.

The customs office said daily average exports -- which reflect working days -- declined 13.6 percent on-year to $2.01 billion.

By product, exports of passenger cars and petroleum products jumped 19.2 percent and 10.5 percent, respectively. Outbound shipments of semiconductors fell 31.8 percent.

By destination, South Korea's exports to the European Union and Vietnam rose 0.4 percent and 29.9 percent, respectively. But South Korea's shipments to China and the United States -- the country's top two overseas markets -- fell 16.2 percent and 2.8 percent, respectively.

South Korea imported goods worth $15.2 billion in the 10-day period, up 7.2 percent from a year earlier.

This file photo shows containers carrying export goods in the southern city of Busan, South Korea's largest seaport. (Yonhap)


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