SEOUL, Dec 21 (NNN-YONHAP) – South Korea’s export fell in the first 20 days of Dec, leading to a successive trade deficit, customs office data showed, today.
Export came to 33.64 billion U.S. dollars, during the Dec 1-20 period, down 8.8 percent compared to the same period of last year, according to Korea Customs Service.
The outbound shipment kept a downward trend after sliding 5.8 percent in Oct and 14.0 percent in Nov.
During the 20-day period, semiconductor export tumbled 24.3 percent, and those for steel products, mobile devices and precision machinery declined in double digits.
Shipment for automobiles and oil products posted a double-digit increase in the cited period.
Export to Vietnam and Japan declined in double figures, while shipments to the United States and the European Union grew 16.1 percent and 1.2 percent each.
Import added 1.9 percent from a year earlier to 40.06 billion dollars, in the Dec 1-20 period.
Import for the country’s three major energy sources, including crude oil, natural gas and coal, stood at 11.43 billion dollars in the 20-day period, up 38.8 percent from a year earlier.
The trade deficit amounted to 6.42 billion dollars for the first 20 days of Dec. The trade balance stayed in red for the eighth consecutive month through Nov.
Source: NAM NEWS NETWORK