S. Korea logs trade deficit for 3rd month in June

0 Comment(s)Print E-mail Xinhua, July 1, 2022
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SEOUL, July 1 (Xinhua) -- South Korea logged trade deficit for the third consecutive month in June on faster growth in import than export, government data showed Friday.

Trade deficit amounted to 2.47 billion U.S. dollars in June, staying in the red for three months since April, according to the Ministry of Trade, Industry and Energy.

It marked the first time in 14 years since 2008 that the country registered trade deficit for three months in a row.

Export grew 5.4 percent from a year earlier to 57.73 billion dollars in June, while import soared 19.4 percent to 60.2 billion dollars.

The outbound shipment kept rising for 20 straight months, but it posted a single-digit increase in 16 months after recording a double-digit growth. Enditem

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