SEOUL : South Korea's exports fell in February for a fifth straight month in annual terms, trade ministry data showed on Wednesday, although at a slower pace than in January due mainly to calendar effects related to national holidays. Outbound shipments from Asia's fourth-largest economy fell 7.5 per cent
SEOUL : South Korea's exports fell in February for a fifth straight month in annual terms, trade ministry data showed on Wednesday, although at a slower pace than in January due mainly to calendar effects related to national holidays.
Exports fell by a slower pace than a 16.6 per cent drop in January mostly because there were two more working days in February this year than in the same month of 2022 due to the different timing of the Lunar New Year holidays. On average per working day, they dropped 15.9 per cent. Shipments to China, in their ninth month of decline, slumped 24.2 per cent. Those to the United States and European Union rose 16.2 per cent and 13.2 per cent, respectively.
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