SEJONG, Aug. 21 (Yonhap) — South Korea’s exports fell by a single digit from a year earlier in the first 20 days of August amid the economic fallout from the new coronavirus, customs data showed Friday.
The country’s outbound shipments declined 7 percent in the Aug. 1-20 period from the same period last year, according to the data from the Korea Customs Service.
The nation’s outbound shipments stood at US$23.1 billion in the Aug. 1-20 period, the data showed.
The daily average exports during the 20-day period also declined 3.7 percent.
The coronavirus pandemic has disrupted trade and halted production around the globe, with a rising number of countries fully closing their borders.
By segment, exports of memory chips, a key item, rose 2.9 percent and those of automobiles declined 10.1 percent on-year in the 20-day period.
By country, shipments to China fell 0.2 percent on-year and shipments to the United States rose 6.2 percent.
