South Korea Has $12.69 Billion Trade Deficit
(RTTNews) - South Korea posted a merchandise trade deficit of $12.69 billion in January, Statistics Korea said on Wednesday.
That missed expectations for a shortfall of $9.27 billion following the $4.69 billion deficit in December.
Exports were down 16.6 percent on year, shy of forecasts for a drop of 11.3 percent following the 9.6 percent contraction in the previous month.
Imports dipped an annual 2.6 percent versus expectations for a fall of 3.6 percent following the 2.5 percent decline a month earlier.
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Bank Of Korea Unexpectedly Keeps Key Rate Unchanged
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