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(LEAD) Exports down 2.6 pct in first 10 days of July

All News 09:25 July 11, 2019

(ATTN: UPDATES with details in paras 2-6; ADDS photo)
By Kim Kwang-tae

SEJONG, July 11 (Yonhap) -- South Korea's exports fell 2.6 percent in the first 10 days of July mainly due to decreased shipments of semiconductors, one of the country's key items, customs data showed Thursday.

The country's exports stood at US$13.6 billion in the July 1-10 period, compared with $13.9 billion in the same period last year, according to the Korea Customs Service.

By product, exports of semiconductors and petroleum products fell 25 percent and 3 percent, respectively.

Meanwhile, outbound shipments of passenger cars and wireless communications devices jumped 24.2 percent and 18.9 percent, respectively, the data showed.

South Korea's shipments to the United States rose 11.2 percent, while its exports to China fell 13.2 percent. China and the U.S. are South Korea's top two trading partners.

South Korea imported goods worth $15.5 billion in the 10-day period, up 4 percent from a year earlier.

The country's exports fell 13.5 percent on-year to $44.18 billion in June, extending their on-year decline for the seventh consecutive month amid the prolonged trade row between the United States and China -- the world's top two economies -- and a drop in chip prices.

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


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