S. Korea's exports sink 24.3% on-year in April due to COVID-19 pandemic
- 4 years ago
4월 수출 24% 급감…무역수지 99개월만에 적자 전환
South Korea's exports sunk over 24 percent in April from a year earlier due to the COVID-19 pandemic.
The trade ministry said on Friday that total outbound shipments last month amounted to around 37 billion U.S. dollars, a decrease of around a quarter from April last year.
Imports were also down almost 16 percent during the same period.
The country suffered a deficit of around 9-hundred fifty million dollars,... breaking its 98-month streak of having more exports than imports.
Despite the bad export conditions, including falling global oil prices, exports of bio-tech products such as COVID-19 test kits went up 29 percent, and computer shipments jumped by almost 100 percent.
South Korea's exports sunk over 24 percent in April from a year earlier due to the COVID-19 pandemic.
The trade ministry said on Friday that total outbound shipments last month amounted to around 37 billion U.S. dollars, a decrease of around a quarter from April last year.
Imports were also down almost 16 percent during the same period.
The country suffered a deficit of around 9-hundred fifty million dollars,... breaking its 98-month streak of having more exports than imports.
Despite the bad export conditions, including falling global oil prices, exports of bio-tech products such as COVID-19 test kits went up 29 percent, and computer shipments jumped by almost 100 percent.