S. Korea's exports fall 8.2 pct in March at 43 billion USD
Xinhua, April 1, 2016 Adjust font size:
South Korea's exports fell 8.2 percent in March from a year earlier at 43 billion U.S. dollars, a government report showed Friday.
The exports, which account for about half of the export-driven economy, maintained a downward trend for 15 straight months. It marked the longest monthly fall in the country's history, according to the Ministry of Trade, Industry and Energy.
The export reduction slowed down as outbound shipments posted a double-digit decline for three months through February.
Imports tumbled 13.8 percent from a year earlier to 33.2 billion dollars. Both exports and imports declined for the 15th consecutive month.
Trade surplus amounted to 9.8 billion dollars in March, staying in the black for 50 months since February 2012. Endit