exports-July

▲ Containers are stacked at a pier in the southeastern port city of Busan, in this July 4, 2023, file photo. (Yonhap)

exports-July

Exports down 15.2 pct during first 20 days of July

SEJONG, July 21 (Yonhap) -- South Korea's exports fell 15.2 percent on-year in the first 20 days of July amid the protracted slump in the chip sector, data showed Friday.

The country's outbound shipments reached US$31.2 billion in the July 1-20 period, compared with $36.8 billion tallied a year earlier, according to the data from the Korea Customs Service.

Imports fell 28 percent on-year to $32.6 billion during the period, resulting in a trade deficit of $1.36 billion.

In June, South Korea's outbound shipments fell 6 percent on-year to $54.24 billion. But the month posted the smallest on-year export decline so far this year, possibly indicating the country's exports may rebound in the second half of the year.

The country reported a trade surplus for the first time in 16 months in June.

South Korea announces its full monthly export report on the first day of each month.

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