HomeLatestS.Korea's export logs double-digit fall in 1st 10 days of October

S.Korea's export logs double-digit fall in 1st 10 days of October

SEOUL, Oct. 11 (Xinhua) — South Korea’s export logged a double-digit fall within the first 10 days of October on weaker demand for locally-made merchandise, particularly semiconductors, customs workplace information confirmed Tuesday.

Export, which accounts for about half of the export-driven economic system, got here to 11.8 billion U.S. {dollars} within the October 1-10 interval, down 20.2 % in comparison with the identical interval of final yr, in response to Korea Customs Service.

Semiconductor export tumbled 20.6 % within the cited interval, after sliding for the previous two months amid rising worries in regards to the international financial slowdown.

Shipment for oil merchandise, metal, cell units and auto elements dwindled in double figures within the 10-day interval.

Export to the United States, Vietnam and Japan dropped in double digits, however cargo to the European Union (EU) expanded by 11.1 %.

Import retreated 11.3 % over the yr to fifteen.62 billion {dollars} within the first 10 days of October.

Import for crude oil and coal gained 7.6 % and 10.4 % every, however these for pure gasoline and oil merchandise declined 16.1 % and 14.3 % respectively.

The commerce deficit amounted to three.82 billion {dollars} within the 10-day interval. The commerce steadiness stayed in crimson for six successive months via September.