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S. Korea’s export volume keeps falling for 5 months

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SEOUL, Sept. 25 (Xinhua) — South Korea’s export volume kept falling for five straight months owing to an economic fallout from the COVID-19 outbreak, central bank data showed Friday.

In terms of volume, the outbound shipment shrank 3.6 percent in August from a year earlier, according to the Bank of Korea (BOK). It continued to slide for six months since April.

Export volume for coal and oil products slumped 18.4 percent, and transport equipment shipment declined 17.0 percent.

The export value retreated 9.2 percent in August from a year ago, keeping a downward trend for six months in a row.

The continued fall in export came as the COVID-19 outbreak roiled the global economy and cross-border trade.

Import volume slipped 4.8 percent in August from a year earlier. In terms of value, imports dropped 15.9 percent on a lower price for mining products. Enditem

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