South Korean exports extended their contraction during the first 20 days of June, but at a slower pace, as the coronavirus pandemic continued to weigh on global demand.
The nation’s outbound shipments dropped 7.5% during June 1-20 from the same period a year earlier, while imports slid 12.0%, Korea Customs Service data showed on Monday.
A breakdown of data showed overseas sales of semiconductors, the nation’s top-selling item, rose 2.6%, while shipments to China, South Korea’s largest trading partner, jumped 14.5%.Reporting by Joori Roh; Editing by Muralikumar Anantharamana
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