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S.Korea Jan exports fall for 14th straight mth but beats forecast


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S.Korea Jan exports fall for 14th straight mth but beats forecast

SEOUL — Following are South Korea’spreliminary export and import figures for January 2020, releasedby the government on Saturday (rounded): Jan *Dec Balance ($ billion) +0.62 +2.02 Exports ($ billion) 43.35 45.72 (% growth vs yr ago) -6.1 -5.2 Imports ($ billion) 42.73 43.70 (% growth vs yr ago) -5.3 -0.7 * Revised on Jan. 15…

S.Korea Jan exports fall for 14th straight mth but beats forecast

SEOUL — Following are South Korea’s

preliminary export and import figures for January 2020, released

by the government on Saturday (rounded):

Jan *Dec

Balance ($ billion) +0.62 +2.02

Exports ($ billion) 43.35 45.72

(% growth vs yr ago) -6.1 -5.2

Imports ($ billion) 42.73 43.70

(% growth vs yr ago) -5.3 -0.7

* Revised on Jan. 15

NOTES:

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– Exports in January fell at a faster pace and for a 14th

consecutive month in year-on-year terms.

– Reuters poll: January exports were forecast to fall 7.8%

year-on-year, while imports were seen skidding 6.9%, according

to a Reuters survey of 13 economists.

– There were 21.5 working days in January versus 24 days in

the comparable month of 2019. The Lunar New Year holiday fell in

January this year but in early February last year.

(Reporting by Joori Roh)

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