S. Korea's exports shrink 1.5% in Sept.
Published : 2013-10-01 09:31
Updated : 2013-10-01 09:31
South Korea's trade surplus widened from a year earlier last month despite a slight drop in exports as its imports shrank at a faster rate, the government said Tuesday.
In September, the country's exports dropped 1.5 percent from the same month last year to $44.74 billion, according to the Ministry of Trade, Industry and Energy.
Its imports dropped 3.6 percent on-year to about $41.03 billion with its trade surplus coming to $3.71 billion.
The trade surplus for September compares with a surplus of $3.07 billion in September 2012. It, however, marks a drop from a surplus of $4.85 billion posted in August. (Yonhap News)