S.Korea's export falls 14 pct in November

STORY: S.Korea's export falls 14 pct in November DATELINE: Dec. 1, 2022 LENGTH: 00:01:32 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. various of city scenes of Seoul 2. various of the Ministry of Trade, Industry and Energy 3. various of Sunkwang Newport Container Terminal 4. various of a container port (courtesy of Yonhap TV) STORYLINE: South Korea's export recorded a double-digit fall last month, leading to trade deficits for the eighth consecutive month, government data showed Thursday. Export, which takes up about half of South Korea's export-driven economy, plunged 14.0 percent from a year earlier to 51.91 billion U.S. dollars in November, according to the Ministry of Trade, Industry and Energy. The outbound shipment kept sliding for the second straight month after reducing 5.7 percent in October, the first export decrease in two years since October 2020. Import rose 2.7 percent to 58.93 billion dollars in November, sending the trade deficit to 7.02 billion dollars. The trade balance has stayed i