In February, exports tumbled 12.2 percent year-in-year to USD36.40 billion, the 14th consecutive month of decline. Sales rose for computers (+5.2 percent year-on-year) and communications devices, including mobile phones (+2.8 percent). In contrast, exports declined for petrochemical products (-26.9 percent).
Outbond shipments to China, the largest market for South Korean products, fell by 12.9 percent from a year earlier, the eight straight month of decrease. In contrast, exports rose to the US (+4.2 percent), the EU countries (+5.0 percent) and Vietnam (+17.9 percent).
Imports plunged by 14.6 percent to USD29.0 billion, the 17th straight month of fall.
In January 2015, South Korea posted a downwardly revised USD5.20 billion trade surplus.
The trade balance has been in consistent surpluses since February 2012.