Exports of industrial parts, materials shrink in 2016
Jan 16, 2017
South Korea's exports of industrial parts and materials slipped last year from a year earlier due to weak global demand, government data showed Monday.Outbound shipments of industrial parts and materials fell 4.8 percent on-year to $251.9 billion, accounting for a record 50.8 percent of the country's overall exports last year, according to the data collected by the Ministry of Trade, Industry and Energy.Exports of industrial parts dropped 5.5 percent on-year to $177.2 billion, with shipments of