Market Updates
South Korea's Trade Deficit Record High In First Half
Arjun Pandit
01 Jul, 2022
New York City
South Korea's exports in June rose 5.4% to a record high $57.73 billion on solid demand for chip and petroleum products.
The export increased for the 20th month in a row but slowed to a single-digit after expanding double-digits for 15 months in a row.
June imports rose 19.4% to $60.2 billion resulting in a trade deficit of $2.47 billion.
Exports in the first half increased 15.6% to a record half-year high of $350.3 billion and imports advanced 26.2% to $360.6 billion on high energy and raw materials prices.
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