South Korea's exports likely extended their falling streak to a third straight month in December, a Reuters poll showed on Wednesday, with demand from China yet to recover from loosening COVID-19 restrictions.
The country's outbound shipments were projected to have fallen 10.1% in December from the same month a year ago, according to the median forecast of 12 economists.
"South Korea's exports are under pressure from declining exports to China, where the economy still remains sluggish even after easing of its COVID-19 restrictions, and weak sales of IT products, mainly semiconductors," said Park Sang-hyun, chief economist at HI Investment and Securities. Meanwhile, imports were expected to have fallen at a much milder pace of 0.6% in December, after a 24-month gaining streak through November.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea fires warning shots after North Korea drones enter its airspaceSouth Korea's military fired warning shots and launched fighter jets and helicopters in response to five North Korean drones breaching the border, AP reports.
Read more »
South Korea scrambles jets as North Korea sends drones over borderFive North Korean drones crossed into South Korea. South Korea responded by opening fire to try to shoot down the North Korean aircraft.
Read more »
South Korea fires warning shots at North Korea after drones violate airspaceSouth Korea fired warning shots at North Korea on Monday and flew 'surveillance assets' into the northern country after it violated South Korea's airspace with drones for the first time in five years.
Read more »
South Korea scrambles jets, fires warning shots after North flies drones across border, South saysSouth Korea's military fired warning shots, scrambled fighter jets and flew surveillance assets across the heavily fortified border with North Korea after North Korean drones violated its airspace for the first time in five years.
Read more »
South Korea lifts ban on imported sex dollsThe decision by the Korea Customs Service ends years of debate over how much the government can interfere in private life.
Read more »