South Korean exports fell again in the first 20 days of December, but a recovery...
FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016. REUTERS/Kim Hong-Ji/File Photo
Exports by Asia’s fourth-largest economy during December 1-20 slid 2.0% on-year in value, customs data showed on Monday, the slowest fall in a year and far better than a 9.6% loss for the comparable 20-day period of November. “Given the increase in exports to China and the slower pace of contraction in chip sales, today’s figure show exports are on the path of recovery,” said Park Sang-hyun, chief economist at Hi Investment & Securities.
Monday’s data supported expectations by many analysts that South Korean exports would return to annual growth from January, ending a year-long streak of year-on-year declines, Park said.
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