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(LEAD) Korea's exports sink 27 pct in first 20 days of April over virus pandemic

All News 09:03 April 21, 2020

(ATTN: UPDATES with details; CHANGES headline)

SEJONG, April 21 (Yonhap) -- South Korea's exports sank 27 percent on year in the first 20 days of April amid the shock from the coronavirus pandemic, customs data showed Tuesday.

The nation's outbound shipments dropped 26.9 percent in the April 1-20 period to US$21.7 billion, according to the data from the Korea Customs Service.

The daily average exports during the 20-day period also slipped 16.8 percent on-year.

The data came amid growing concerns that the coronavirus pandemic is denting exports by Asia's fourth-largest economy.

The new coronavirus has disrupted trade and halted production around the globe, with a rising number of countries fully shutting down their borders.

By segment, exports of memory chips, a key item, fell 14.9 percent, and those of automobiles declined 28.5 percent over the 20-day period from a year earlier.

By country, shipments to China dropped 17 percent on-year, while shipments to the United States sank 17.5 percent.

(LEAD) Korea's exports sink 27 pct in first 20 days of April over virus pandemic - 1

kdh@yna.co.kr
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