SEOUL (Reuters) – South Korea’s exports increased for a ninth month in June, albeit at a slower pace than seen by analysts, as robust demand for chips continue to lead the export recovery in Asia’s fourth-largest economy.
Overseas sales in June increased 5.1% from a year earlier to $57.07 billion, while imports decreased 7.5% from a year ago to $49.07 billion, preliminary data from the Korea Customs Service showed.
Export growth missed analysts’ forecasts of 6.3% expansion from a year earlier, likely because of calendar effects as June this year had 21.5 working days for shipments, fewer than 23 days the same month last year.
(Reporting by Cynthia Kim; Editing by Christian Schmollinger)
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
