[THE INVESTOR] South Korea’s exports fell 10.2 percent on-year in July, with the rate of decline returning to double digits after single digits in May and June, the trade ministry said on Aug. 1.

Outbound shipments came to US$41 billion last month. The figure marked a record 19th straight month that exports decreased since January 2015.

The double-digit fall came after on-year declines of 5.9 percent and 2.7 percent in May and June, respectively.

Imports continued to shrink at a faster clip, falling 14.4 percent on-year to $33.3 billion in July. Trade surplus came to $7.8 billion, marking the 54th consecutive month of a surplus.

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