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S. Korea's exports tumble 10.9 pct in May

Xinhua, June 1, 2015 Adjust font size:

South Korea's exports tumbled more than 10 percent in May, boosting worries about the export-driven economy, a government report showed Monday.

Exports, which account for about half of the economy, plunged 10.9 percent from a year earlier to 42.39 billion U.S. dollars in May, according to the Ministry of Trade, Industry and Energy.

The exports kept a downward trend for five months in a row.

Imports declined at a faster pace than exports, helping maintaining a surplus trend. Imports dropped 15.3 percent to 36.07 billion dollars, sending the May trade surplus to 6.32 billion dollars. Endi