💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

South Korea exports to U.S. drop in Oct., shipments to China surge

Published 10/31/2017, 09:14 PM
Updated 10/31/2017, 09:20 PM
© Reuters. FILE PHOTO: An employee walks on a crane at a container terminal at Incheon port in Incheon

SEOUL (Reuters) - South Korea's exports to the United States declined 12 percent in October from a year earlier while shipments to China surged 13.5 percent, government data showed on Wednesday.

The decline in shipments to the United States was mainly because of South Korea's public holiday from Oct 2 to Oct 9, the trade ministry said in a statement.

© Reuters. FILE PHOTO: An employee walks on a crane at a container terminal at Incheon port in Incheon

The ministry said exports to China rose on strong demand for South Korean memory chips and petrochemical products.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.