And South Korea’s ‘Yonhap’ news agency cited data from the country’s customs administration on Monday, indicating that exports in the period from May 1 to May 20 amounted to $32.4 billion. , compared to $38.6 billion in the same period last year.
The data showed that imports fell 15.3% year-on-year to $36.7 billion over the same period, leading to a trade deficit of $4.3 billion.
According to the data, exports of chips, which are a major export commodity, fell 35.5 percent year-on-year over the same period to $4.26 billion.
Petroleum product exports fell 33% to $3 billion and steel exports fell 7.5% to $2.9 billion.
Meanwhile, auto exports rose 54.7% over the same period, to $3.44 billion.
In the past month as a whole, South Korea’s total exports fell 14.2 percent year on year to $49.6 billion.
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