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.