Off the wire
• Tokyo shares open mixed on Chinese yuan's change  • IS "hit-list" includes 8 Australians, prompts warnings of lone-wolf attacks  • Retiring U.S. Army chief suggests embedding U.S. soldiers in Iraqi troops to better fight IS  • 2nd Ld-Writethru: Chinese leaders urge all-out efforts to save injured in Tianjin blast  • Dollar changes hands in lower 124 yen zone in early Tokyo deals  • Xinhua world news summary at 0030 GMT, Aug. 13  • Two Chinese marksmen grab Rio Olympic berths in Azerbaijan  • 1st Ld: Chinese leaders urge all-out efforts to save injured in Tianjin blast  • Kenya says no athlete to Beijing doped in Helsinki, Osaka  • IOC: Rio on track to deliver outstanding Olympics  
You are here: 　 Home

S. Korean exports fall 3.4 pct in July on soft global demand

Xinhua, August 13, 2015 Adjust font size:

South Korea's exports fell 3.4 percent in July from a year earlier, keeping a downward trend for seven straight months, due to soft global demand, customs data showed Thursday.

Revised figure for exports, which account for about half of the economy, dipped to 46.6 billion U.S. dollars in July from 48.2 billion dollars a year earlier, according to Korea Customs Service.

Imports plunged 15.3 percent from a year earlier to 38.8 billion dollars in July. The imports declined at a faster pace than the exports, sending the trade surplus in July to 7.7 billion dollars.

Global demand remained weak for locally-made products. Exports to China, South Korea's largest trading partner, slumped 6.4 percent, with those to the European Union (EU) sliding 5.7 percent.

Exports to Latin America and the Middle East tumbled 16.6 percent and 18.6 percent each, with those to Japan sinking 28.1 percent last month.

Shipments of semiconductors and ships increased 6.3 percent and 58.2 percent respectively, but those in cars and oil products reduced 6.3 percent and 28.4 percent each. Endi