South Korean exports contracted by a smaller percentage in the first 20 days of this month than last month, boosting hopes for a trade-led recovery even as threats loom from a resurgence of the Covid-19 pandemic in the capital Seoul.
Exports contracted 7 per cent from a year earlier in the period, versus a drop of 13 per cent in the comparable period last month, data from the Korea Customs Service showed yesterday. Imports declined 12.8 per cent year on year in the first 20 days of this month.
Average exports per working day declined 3.7 per cent during the period, an improvement after a drop of about 7 per cent in the same period last month.
South Korean exports contracted by a smaller percentage in the first 20 days of this month than last month, boosting hopes for a trade-led recovery even as threats loom from a resurgence of the Covid-19 pandemic in the capital Seoul.
Exports contracted 7 per cent from a year earlier in the period, versus a drop of 13 per cent in the comparable period last month, data from the Korea Customs Service showed yesterday. Imports declined 12.8 per cent year on year in the first 20 days of this month.
Average exports per working day declined 3.7 per cent during the period, an improvement after a drop of about 7 per cent in the same period last month.