June 22, 2020 / 12:36 AM / 21 days ago

South Korea's June 1-20 exports fall 7.5%, slower than in May

FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) - South Korean exports extended their contraction during the first 20 days of June, but at a slower pace, as the coronavirus pandemic continued to weigh on global demand.

The nation’s outbound shipments dropped 7.5% during June 1-20 from the same period a year earlier, while imports slid 12.0%, Korea Customs Service data showed on Monday.

A breakdown of data showed overseas sales of semiconductors, the nation’s top-selling item, rose 2.6%, while shipments to China, South Korea’s largest trading partner, jumped 14.5%.

Exports had slumped 20.3% during May 1-20, while imports tumbled 16.7%.

Reporting by Joori Roh; Editing by Muralikumar Anantharamana

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