The ministry said the previous record was set a year ago at $644.4 billion.
Increased imports Up 18.9% year over year to $731.2 billion last year, which led to trade deficit It amounted to $47.2 billion.
According to the department, the deficit is more than double the previous record deficit of $20.62 billion in 1996, the largest since 1956.
For December, monthly exports fell 9.5% year on year to $54.99 billion.
Imports grew 2.4% year over year last month to $59.68 billion and the monthly trade deficit was $4.69 billion.
Imports exceed exports South Korea Since April, the first time since 1997 that the country has recorded a trade deficit for 9 consecutive months.
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Is reached Export The country earned $683.9 billion last year, marking the highest annual number since 1956, when the country began compiling trade-related data, according to data compiled by South Korea’s Ministry of Industry.
The ministry said the previous record was set a year ago at $644.4 billion.
Increased imports Up 18.9% year over year to $731.2 billion last year, which led to trade deficit It amounted to $47.2 billion.
According to the department, the deficit is more than double the previous record deficit of $20.62 billion in 1996, the largest since 1956.
For December, monthly exports fell 9.5% year on year to $54.99 billion.
Imports grew 2.4% year over year last month to $59.68 billion and the monthly trade deficit was $4.69 billion.
Imports exceed exports South Korea Since April, the first time since 1997 that the country has recorded a trade deficit for 9 consecutive months.
