Exports to the E.U. fell by 9.9 percent last month from a year earlier, the Ministry of Trade, Industry and Energy said in a statement, while exports to the U.S. fell by 0.7 percent. Shipments to China rose by 1.4 percent.
The ministry earlier said September’s exports shrank by 1.5 percent from a year ago, due to fewer working days stemming from the Chuseok holiday break. However, average exports value per day of $2.24 billion was at a record high. (Reuters)