Financial News: South Korea Has $5.30 Billion Shortfall In February

02/28/2023 - 19:15:00 (RTTNews)

(RTTNews) - South Korea posted a merchandise trade deficit of $5.30 billion in February, the Customs Office reported on Wednesday.

That beat expectations for a shortfall of $6.06 billion following the $12.65 billion deficit in January.

Exports were down 7.5 percent on year, exceeding expectations for a drop of 8.7 percent after tumbling 16.6 percent in the previous month.

Imports rose an annual 3.6 percent versus expectations for a gain of 4.0 percent after slipping 2.8 percent a month earlier.

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