South Korea's March exports fell 13.4%, led by declines in cars, oil products, steel, auto parts, precision machinery, and home appliances, with imports down 28.6%.
South Korea's exports fell 13.4% in the first 10 days of March, largely due to fewer business days, according to Korea Customs Service. Semiconductor exports grew 21.7% during this period, but car, oil product, steel product, auto part, precision machinery, and home appliance exports all dropped by double digits. Imports decreased by 28.6% to $14.8bn, resulting in a trade deficit of $1.26bn.
March 11, 2024
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