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S. Korea's Exports Fall 14.4% in November

Written: 2019-12-16 10:37:33Updated: 2019-12-16 11:51:20

S. Korea's Exports Fall 14.4% in November

Photo : YONHAP News

South Korea's exports fell more than ten percent in November from a year earlier, amid sluggish exports of chips, displays and petrochemical products.
  
According to final data released by the Korea Customs Service on Monday, the country's outbound shipments reached 44-point-one billion dollars last month, down 14-point-four percent on-year.
  
Imports also dropped 13 percent on-year last month to 40-point-seven billion dollars, with the country's trade surplus reaching three-point-three billion dollars in November. 

The figure marks the 94th straight month in which the country's exports have exceeded imports.

Exports of electronics rose four-point-four percent on-year last month to post an increase for the 12th straight month, while shipments of semiconductors declined for the 12 consecutive month by plunging over 30 percent on-year in November.

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