S. Korea May exports fall on China slowdown, holidays

SEOUL: South Korea exports last month suffered their worst decline in eight months as a drop in Chinese demand and the effect from fewer working days more than offset growing purchases by European and US customers.

South Korea, the fourth largest economy in Asia, said yesterday that exports last month fell 0.9% from a year earlier to US$47.88bil, while imports rose 0.3% to US$42.53bil. It resulted in a trade surplus of US$5.35bil.