South Korea's Exports May Rebound in May
South Korea
Seoul - QNA
South Korea's exports are showing signs of a recovery so far this month.
According to the Korea Customs Service on Sunday, the country's exports marked 24.84 billion US dollars in the first 20 days of May, up 2.1% year-on-year.
It is the first time this year that the figure for the first 20 days of a month posted an on-year increase, according to Korea's (KBS WORLD) radio.
South Korea's exports shrank for 16 straight months since January of last year, marking the longest period of consecutive declines since 1970.
However, the recent shift upward raises expectations for an end to the continued decrease.
The country's exports came to 181 billion dollars as of May 20th this year, down 11% on-year.
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