[Breaking News] August Exports Down 9.9% Year-on-Year... $39.66 Billion
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[Asia Economy Reporter Kim Bo-kyung] Amid the ongoing impact of the novel coronavirus disease (COVID-19) on the global trade market, South Korea's exports last month recorded $39.66 billion, a 9.9% decrease compared to the same month last year.
According to the 'August Export-Import Trends' announced by the Ministry of Trade, Industry and Energy on the 1st, last month's export amount was $39.66 billion, down 9.9% from August of last year. The ministry noted that despite a shortage of working days last month (-1.5 days), the single-digit decline rate continued for two consecutive months following July (-7.1%).
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Considering the number of working days, the average daily export amount was $1.8 billion. This is the highest since April, when the COVID-19 situation began to affect export performance.
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