South Korea's exports declined at the slowest pace in eight months in December, data from the Ministry of Trade, Industry and Energy revealed on Wednesday.
Exports decreased 5.2 percent year-on-year in December. This was the smallest drop since April. Economists had forecast shipments to decline 6 percent after falling 14.4 percent in November.
Exports of South Korea to its biggest export destination, China, increased 3.3 percent, which was the first growth in 14 months. However, shipments to the US fell 0.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.