Exports plummet 23.8% during first 10 days of May

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Exports plummet 23.8% during first 10 days of May

Published: 12 May. 2025, 10:39 Updated: 12 May. 2025, 14:49

Shipping containers are stacked at Busan Port on April 30. [YONHAP]

Korea's exports plunged 23.8 percent from a year earlier in the first 10 days of this month, data showed Monday.

Outbound shipments reached $12.83 billion in the period from May 1 to 10, compared with $16.84 billion tallied a year earlier, according to the data from the Korea Customs Service.

Imports went down 15.9 percent on-year to $14.57 billion during the period, resulting in a trade deficit of $1.7 billion.

In April, exports gained 3.7 percent from a year earlier to stand at $58.2 billion, marking the third consecutive month of increase.

Yonhap