South Korea Jan exports plunge, trade deficit at record ...Middle East

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South Korea Jan exports plunge, trade deficit at record
source : Devdiscourse ( Middle East ) () 29
South Korean exports in January fell for a fourth consecutive month in annual terms, dropping faster than expected despite China's reopening from long lockdowns as global demand cooled rapidly, data showed on Wednesday. Exports by Asia's fourth-largest economy fell 16.6% in January from a year earlier, the trade ministry data showed, worse than an 11.3% decline predicted in a Reuters survey and following a 9.6% drop in December 2022.

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