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August, 29, 2016

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Data show South Korea exports fall for 3rd straight month in September

SEOUL -- South Korean exports fell for the third consecutive month in September as the global economic slowdown hit shipments, official data showed Monday.

Exports in September fell 1.8 percent from a year ago to US$45.66 billion, while imports dropped 6.1 percent to US$42.51 billion, according to the Ministry of Knowledge Economy.

The September trade surplus stood at US$3.15 billion in September, compared with a US$1.6 billion surplus in the same month last year.

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