페이지 정보작성자 까마 (121.♡.87.158) 댓글 0건 조회 86회 작성일 22-12-03 11:58
[KOREAN ECONOMIC NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important KOREAN economic news to share with you which is as mentioned
South Korea's exports fell for the second consecutive month on-year in November and the
decline accelerated from the previous month due to the global economic slowdown and
logistics disruptions over a truckers' strike, the trade ministry said Thursday.
The country also suffered a trade deficit for the eighth straight month on high global energy
prices, ringing an alarm over its growth momentum.
Outbound shipments fell 14 percent on-year to come to $51.91 billion last month, following
a 5.7 percent on-year fall the previous month, according to the data compiled by the Ministry
of Trade, Industry and Energy.
It is the first time since early 2020 that exports fell for the second month in a row. South
Korea last reported declining exports for more than two months from March through August
The country's imports grew 2.7 percent on-year to $58.93 billion in November on high global
energy prices, resulting in a trade deficit of $7.01 billion.
Imports have exceeded exports in South Korea since April, and it is the first time since 1997
that the country has suffered a trade deficit for the eighth straight month.
South Korea depends on imports for most of its energy needs, and the country's energy
imports surged 27.1 percent on-year to $15.51 billion in November, the ministry said.
The fall in exports was blamed on the global economic slowdown amid high inflation and
aggressive monetary tightening by major economies, as well as the impacts of the ongoing
truckers' strike that
began Nov. 24 over minimum freight rates, according to the ministry.The nationwide walkout
has caused supply disruptions in major industries, and it is feared to affect the broader
economy by hurting overseas shipments, according to officials. The government
ordered truckers to return to work, while their negotiations have made no progress.
Read more at: https://www.koreaherald.com/view.php?ud=20221201000304
Have a nice day
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