Trade balance in May

Kim Wan-ki, head of the trade ministry's trade and investment bureau, announces the country's trade figures for May at the government complex in Sejong, 112 kilometers south of Seoul, on June 1, 2023. Outbound shipments fell 15.2 percent on-year to US$52.24 billion in May, and imports fell 14 percent on-year to $54.34 billion, resulting in a trade deficit of $2.1 billion. (Yonhap)

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