South Korea Sept exports fall again as global demand falters

South Korea’s exports fell in annual terms in September, with the seventh drop in the past nine months underscoring the weak global demand due to Europe’s crisis and slowing growth elsewhere that has dashed hopes of a pick-up in activity.

Exports by Asia’s fourth-largest economy fell 1.8 percent in September from a year earlier to US$45.66 billion while imports declined 6.1 percent to US$42.51 billion, producing a US$3.15 billion surplus, the Ministry of Knowledge Economy data showed.

via Business feed http://www.scmp.com/business/economy/article/1051412/south-korea-sept-exports-fall-again-global-demand-falters