S. Korea’s exports down for 10th month on trade rows, chips

Photo taken on May 17, 2017 shows Luzhou port of China (Sichuan) pilot free trade zone in southwest China's Sichuan Province. China has released an overall plan about the country's new western sea-land transportation channel to deepen the sea-land two-way opening-up and the development of western China, according to the National Development and Reform Commission. The plan covers the period from 2019 to 2025 with an outlook extended to 2035. (Xinhua/Xue Yubin). Sketched by the Pan Pacific Agency.


SEOUL, Oct 1, 2019, Yonhap. South Korea’s exports sank 11.7 percent in September from a year earlier, extending their slump to a 10th consecutive month, data showed Tuesday, hurt by still weak prices of semiconductors and the yearlong trade row between the United States and China, reported The Korea Herald.

Outbound shipments reached $44.7 billion last month, compared with the $50.6 billion tallied a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.

Imports fell 5.6 percent on-year last month to $38.7 billion, the ministry added.

The country’s trade surplus came to $5.97 billion in September, marking 92 straight months in which the country’s exports have exceeded imports.

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