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S. Korea's Exports Drop 7% in First 20 Days of August

Written: 2020-08-21 09:56:37Updated: 2020-08-21 11:28:16

S. Korea's Exports Drop 7% in First 20 Days of August

Photo : YONHAP News

South Korea's exports fell seven percent from a year earlier in the first 20 days of August amid the economic fallout from COVID-19.

According to data from the Korea Customs Services Friday, the country's outbound shipments stood at 23-point-one billion U.S. dollars in the cited period, down seven percent on-year. 

Compared to the same period last year, working days were down by half a day this year. Given the decrease, the daily average exports during the period declined three-point-seven percent. 

Shipments of semiconductors rose two-point-nine percent, while petroleum products and automobiles plunged 39 percent and about ten percent, each.

Shipments to the United States rose six-point-two percent, while exports to China and Vietnam dropped point-two percent and six-point-four, respectively.

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