S.Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion
Reuters
Published Jun 12, 2022 08:28PM ET
SEOUL (Reuters) - South Korea's exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed on Monday.
The country's imports grew 17.5%, however, bringing the trade balance to a $6 billion deficit for the period.
By product, exports of semiconductors grew 0.8% and petroleum products surged 94.5%, but those of cars, automobile parts and wireless communication devices fell 35.6%, 28.8% and 27.5%, respectively.
By destination, shipments to China, the United States and European Union shrank 16.2%, 9.7% and 23.3% each.
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Written By: Reuters
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