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Gwangju Jeonnam Exports and Imports decreased, surplus range reduced as well

광주전남 수출입 줄어…무역수지 흑자 폭도 감소

Gwangju Jeonnam Exports and Imports decreased, surplus range reduced as well

 

This February's export and import amounts have decreased compared to the same month last year as well as the surplus range for the trade balance.

 

This is interpreted to be due to the COVID19 spread that has reduced trading volume.

 

According to the Gwangju Jeonnam Trade Trends released on Mar. 16th by the Gwangju Main Customs, the decrease rate of exports from the region was 7.7%. This is $3.1 billion less than the same month last year.

 

As for the imports, it also recorded a downturn of 4.4% which was $2.9 billion less than compared to the same month last year.

 

Therefore, the trade balance was 35.9% or $234 million lower compared to same month last year.

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