Off the wire
• Cuban boxing team comes out on top at start of World Series  • Venezuela achieves two Olympic passes in sailing World Cup  • Schwizer snatches Longines victory at Zurich  • John Terry to leave Chelsea in summer  • Mitch Larkin, Katinka Hosszu named FINA best swimmers of the year 2015  • Bayern win, Wolfsburg drop points in German Bundesliga  • Hertha Berlin and John Brooks agree on contract extension  • Australian police smashes drug ring  • Corinthians eye Paraguayan defender  • Scolari shortlisted for China coaching job - reports  
You are here: 　 Home

S. Korea's exports tumble 18.5 pct in January

Xinhua, February 1, 2016 Adjust font size:

South Korea's exports tumbled 18.5 percent in the first month of this year, posting the biggest monthly decline in more than six years, a government report showed on Monday.

Exports, which account for about half of the economy, came to 36.7 billion U.S. dollars in January, down 18.5 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.

It posted the largest monthly reduction since August 2009 when the outbound shipments plunged 20.9 percent amid the peak of the global financial crisis.

The export drop was attributed to various mixed factors, including soured ship exports, cheaper crude oil, China's economic slowdown and lower prices of major export items.

Imports declined at a faster pace than exports at 31.4 billion dollars in January, down 20.1 percent from a year ago. Both exports and imports kept a downward trend for 13 straight months.

Trade surplus reached 5.3 billion dollars, maintaining a surplus trend for four years since February 2012. Enditem