General

South Korea's balance of international trade deficit for 12 consecutive months. On March 1, local time, according to the latest statistics released by the South Korean government, South Korea's foreign exports decreased by 7.5% year-on-year in February, while its international trade imports increased by 3.6% year-on-year. South Korea's balance of international trade deficit occurred for 12 consecutive months.

It is reported that the decline in international trade exports and the increase in imports of energy products caused by the fall in prices of semiconductor products, the main export project of South Korea, are the main factors affecting South Korea's trade balance. According to statistics, this is the first time that South Korea has experienced a trade deficit of up to one year after 25 years of continuous trade deficits from January 1995 to May 1997. The analysis pointed out that due to the long-term impact of the international situation and the global economic trend, South Korea's international trade deficit is likely to continue in the short term.