Export Value Down 2.7% from January 1 to 20... Import Value Up 9.3%

[Image source=Yonhap News]

Exports have decreased by approximately 3% compared to the same period last year as of the 20th of this month.

According to the Korea Customs Service on the 21st, the export value from January 1 to 20 (provisional customs clearance basis) was $33.621 billion, down 2.7% compared to the same period last year. The average daily export value, considering the number of working days, decreased by 8.8%. During this period, there were 16 working days, one more than the 15 days in the same period last year.

Imports during the same period amounted to $43.885 billion, an increase of 9.3%. The trade balance recorded a deficit of $10.263 billion. This deficit was larger compared to the same period last year ($5.588 billion deficit) and the same period last month ($6.375 billion deficit). Last year's trade deficit was $47.5 billion, the largest ever recorded.

This content was produced with the assistance of AI translation services.