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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

S. Korea’s Exports Flat in June

South Korea’s exports surpassed 50 billion dollars for the fourth consecutive month, but declined slightly in June from a year earlier. According to tentative data by the Ministry of Trade, Industry and Energy on Sunday, the country’s outbound shipments reached 51-point-23 billion U.S. dollars last month, slipping point-09 percent from a year ago.
The ministry said it is the first time exports topped 50 billion dollars for four straight months. Exports shrank one-point-five percent in April and rebounded to a growth of 13-point-five percent. The ministry attributed last month’s drop to a high base effect and shorter working days. Imports in June surged ten-point-seven percent on-year to 44-point-91 billion dollars. The trade surplus came to six-point-32 billion dollars, marking 77 straight months in which the country’s exports have exceeded imports.