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Korea’s exports continue to tumble in February

Korea’s exports continue to tumble in February


Korea’s outbound shipments continue to suffer
from huge losses. According to the Korea Customs Service, Korean
exports… during the first three weeks of February… totaled 22-point-one-six billion
U.S. dollars, …down over 17 percent from the previous year.
In January, the nation’s exports dropped nearly 19 percent on-year.
The margin of decrease in January for Korean exports is large compared to neighboring nations.
China’s exports slid eleven-point-two percent during the cited period, while Japan’s exports
dropped twelve-point-eight percent. Korea’s plunging exports are attributed to
a sharp decline in shipments to China, low global oil prices and slow global trade.

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