
South Korea's exports are showing signs of a rebound after a lengthy slide, as the Korea Customs Service (KCS) said Sunday that the nation's overseas shipments in the first 10 days of June rose 5.7% on-year to US$13.88 billion.
The export volume has fallen for 17 months in a row since January 2015, marking the longest streak of decline since the government began compiling monthly export statistics in 1970, according to South Korea's (Yonhap) News Agency.
But the first 10 days of exports have risen for the second consecutive month this month, raising hope for an end to the prolonged downturn in overseas shipment.
The nation's exports continued to dwindle from a year earlier in May, but the rate of drop slowed significantly. Outbound shipments came to $39.78 billion last month, down 6% from the same month last year, according to the Ministry of Trade, Industry and Energy.
The 6% on-year decline was the least since the start of the year. In January, exports plunged 18.5%, the most since August 2009.
GMT 15:35 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 13:41 2017 Monday ,12 June
Global stocks mostly downGMT 15:59 2017 Tuesday ,02 May
Oman, South Korea discuss economic, trade cooperationGMT 10:55 2017 Friday ,10 March
First A380 arrives at Dubai World Central from South KoreaGMT 12:45 2017 Monday ,13 February
South Korean prosecutors to seek arrest warrant for Samsung heir

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor