South Korea July exports fall at steepest pace in over three years

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South Korea July exports fall at steepest pace in over three years
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SEOUL :South Korea's exports fell more than expected in July and at the steepest pace in more than three years, trade data showed on Tuesday. Overseas sales by Asia's fourth-largest economy fell 16.5 per cent year-on-year to $50.33 billion in July, compared with a 6.0 per cent drop in June and a 14.5 per cent

SEOUL :South Korea's exports fell more than expected in July and at the steepest pace in more than three years, trade data showed on Tuesday.

It was the biggest percentage drop since May 2020 and the 10th consecutive month exports fell in annual terms, the longest period since January 2020.

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