S Korea August export growth slows, trade deficit hits record

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SEOUL : South Korea's export growth slowed in August while imports accelerated, widening the trade deficit to a record amount, trade ministry data showed on Thursday.Outbound shipments grew 6.6 per cent in August from the same month a year earlier, beating 5.5 per cent tipped in a Reuters poll of analysts

SEOUL : South Korea's export growth slowed in August while imports accelerated, widening the trade deficit to a record amount, trade ministry data showed on Thursday.

Imports jumped 28.2 per cent, much faster than 21.8 per cent in the previous month and 22.9 per cent tipped in the survey.

 

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