Watch VideoPlay Video
South Korean exports rose less than expected in August, compared with a year earlier. Data released Wednesday added to concerns that demand from the US, and other major economies, is cooling.
Overseas sales by Asia's fourth largest economy grew nearly 30 percent, and imports expanded at the same rate. The trade surplus reached over 2 billion US dollars in August, down marginally from July's 5.5 billion. The foreign trade figures are being closely watched by investors, because South Korea is Asia's first major exporting economy to report last month's figures.
China is the biggest market for South Korean exports, taking in one quarter of the country's total shipments. It's followed by the European Union and United States.
- S. Korea: Exports up in June 2010-07-02