Due to global economic slowdown and worsened weather conditions, etc., August saw a year-on-year decrease in Korean ship export, as in previous month. Particularly, ship export reduced the largest.
The Ministry of Knowledge Economy of Korea reported 'Trading trend: August', on September 1, export for the last month recorded $42.97bn, down by 6.2% year-on-year.
Trade balance, during the same month, stood at $2.04bn and continued the black ink for seven months in a row, however, export and import fell together.
Among major export products, ship had the biggest drop to $2.824bn, down by 34.2% comparing with $4.29bn on the same