South Korea’s Ministry of Commerce, Industry and Energy reported today South Korea has a trade deficit in the first 10 days of September. because exports fell faster than imports
South Korea recorded a trade deficit of $ 2.44 billion between September 1 and 10, up from a $ 1.48 billion deficit in the same period last year. In the last 5 months until August. South Korea continues to have a trade deficit.
South Korea’s exports fell 16.6% year-on-year to $ 1625 billion in the first 10 days of September. Exports to the United States, the European Union (EU) and Vietnam fell in double digits, while imports fell by 10.9 percent to $ 186.9 billion.
South Korea’s energy imports, including crude oil, natural gas and coal, were $ 6.11 billion in the first 10 days of September. 31.7% compared to the same period last year.
However, the decline in exports and imports This is the result of the fewer working days due to the Chuseok holiday. which is a South Korean Thanksgiving
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