Korea's exports declined again after a month.
The Ministry of Trade, Industry and Energy announced on the 1st that exports in October recorded $4.98 billion, down 3.6% from the same period last year.
Monthly exports continued to decline for six consecutive months from March to August in the aftermath of Corona 19, and then turned to an increase of 7.6% in September.
The decrease in exports was largely due to the fact that the number of working days was short of two days from the previous year.
Excluding the effect of working days, average daily exports increased by 5.6% and rebounded positively after nine months.
The Ministry of Industry explained, "The export growth rate is the second highest since Corona 19, and the best level out of 13 months with the same or insufficient number of working days since last year."
He added, "The average daily export growth rate is the highest in the last two years."
The average daily export amount was $2.14 billion, reaching the $2.1 billion level in 13 months, and the total export amount was $4.98 billion, which is the third largest this year.
Of the 15 export items, 7 items including semiconductors, automobiles, and displays recorded positives.
On a daily average, 8 items, the largest since August 2018, showed an increase.
By region, the US (3.3%) and the European Union (EU·9.5%) showed growth, but the largest export markets, China (-5.7%) and ASEAN (-5.8%), declined from the previous year.
In October, revenue was down 5.8% to $39 billion.
The trade balance was $5.98 billion, showing a surplus for six consecutive months.