[Press Release] IT trade figures for July (Aug 3, 2012)

The Ministry of Knowledge Economy has released its trade figures for July. The nation posted a $2.7 billion trade surplus. Exports fell sharply due to the sluggish performance of ships, a troubled global economy, and a strong base effect from a year earlier. Weaker domestic demand also depressed inbound shipments.

Exports declined 8.8 percent year on year to $44.6 billion, and the average value of all exports per day dropped 10.7 percent to $1.9 billion. While general machinery and automobile parts enjoyed steady growth, outbound shipments of ships and wireless communications devices continued to decline. Exports to advanced economies such as Japan and the United States saw an increase. Among developing nations, exports to the ASEAN region showed positive growth, but outbound shipments to China declined.

Meanwhile, imports fell 5.5 percent from a year earlier to $41.9 billion. The average value of all imports per day declined 7.4 percent to $1.7 billion. Inbound shipments of raw materials dropped 1.1 percent. While imports of gas and crude oil rose, demand for steel and coal posted negative growth. Both capital goods and consumer goods decreased 2.5 percent and 3.3 percent, respectively. Inbound shipments from the United States and the ASEAN region showed positive growth.

* Released by the Export and Import Division [Source: Ministry of Knowledge Economy]

▶ [베스트클릭 화보] '퍼펙트 바디' 김준희, 미국발 '섹시美' 한껏 발산

▶ 체조 金 양학선, 부모 사는 비닐하우스 가보니…

▶ 北 김정은 "올림픽에서 미국과 한국은 반드시…"

▶ 사격 2관왕 진종오 사용한 총, 가격 따져보니

▶ '첫 금' 양학선, '양학선'으로 끝냈다

▶ 한국 vs 브라질, 측면을 지배하라

▶ [★ 화보] 상큼 매력녀 조수정, 비키니가 좀 작아보이는데?

[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]