South Korean exports fell 12.7 percent in the first ten days of June compared to the same time the previous year, according to customs agency statistics released on Monday.

However, imports increased 17.5 percent, resulting in a $6 billion deficit in the trade balance during the period.

Exports of semiconductors increased by 0.8 percent, while those of petroleum products increased by 94.5 percent, while those of automobiles, vehicle components, and wireless communication equipment decreased by 35.6 percent, 28.8 percent, and 27.5 percent, respectively.

Shipments to China, the United States, and the European Union fell 16.2 percent, 9.7 percent, and 23.3 percent, respectively.

Source: Reuters

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