Last month, South Korea's exports fell again for the 11th consecutive month.<br />Korea's trade ministry said that's mainly due to weaker chip exports and the impact of the U.S.-China trade dispute.<br />Yoon Jung-min has details.<br />Concerns are growing as South Korea's exports fell again in October for the 11th straight month amid slowing global trade.<br />Data released by the trade ministry showed on Friday that the country's outbound shipments slumped nearly 15 percent on-year to some 46-billion U.S. dollars in October.<br />That's the biggest on-year decline this year.<br />Semiconductor shipments have fallen 32 percent,... while petroleum goods were down 23 percent.<br />However, exports of ships went up 26 percent. Computer and bio-health product shipments also increased nearly 8 percent in October.<br />The ministry attributed the fall in exports to sluggish semiconductor demand and the impact of the ongoing trade spat between the U.S. and China.<br />In fact, the ministry said falling exports are a concern for all major global economies due to rising uncertainties,... such as trade disputes or concerns over a possible no-deal Brexit.<br />The trade ministry, however, said Japan's recent export restrictions on South Korea have so far had a limited impact on Seoul.<br />Imports also dropped around 15 percent on-year in October to some 41-billion dollars.<br />With imports and exports both declining,... the country posted a trade surplus of some 5-point-4 billion dollars.<br />Yoon Jung-min, Arirang News.<br />
