South Korea’s exports fell for the 10th consecutive month in September due to protracted US-China trade tiff and deepening Korea-Japan spat, although the pace of decline moderated slightly.
Exports or outbound shipments fell by 11.7% from a year earlier to $44.71 billion, following the prior month’s revised 13.8% decline, according to preliminary data released by the trade ministry on Tuesday.
The latest reading missed a median market forecast for a 10.2% drop in exports, according to MarketWatch.
Imports also decreased 5.6% from a year earlier to $38.74 billion, yielding a trade surplus of $5.97 billion.
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