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S. Korea's Exports Fell 10.3% in 2019

Written: 2020-01-02 09:46:56Updated: 2020-01-02 09:54:50

S. Korea's Exports Fell 10.3% in 2019

Photo : YONHAP News

South Korea's exports fell ten-point-three percent in 2019, posting a double-digit fall for the first time in ten years.

According to the Ministry of Trade, Industry and Energy on Wednesday, the country's outbound shipments came to 542-point-four billion dollars last year, compared with 604-point-eight billion dollars posted a year earlier.

Imports also slipped six percent on-year to 503-point-two billion dollars.

The trade surplus came to 39-point-one billion dollars, marking the eleventh consecutive year the country has posted a surplus. 

Despite the weak performance, South Korea still managed to post a combined trade volume above one trillion dollars for the third straight year.

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