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The volume of cargo processed at South Korea's seaports declined 2.3 percent in February from a year earlier, data showed Sunday, amid economic jitters caused by the new coronavirus pandemic.
Local seaports handled 118 million tons of cargo last month, compared with 121 million tons posted a year earlier, according to the data compiled by the Ministry of Oceans and Fisheries.
Processed export-import cargo, meanwhile, rebounded after 14 months of decline, rising 0.4 percent on-year. The ministry attributed the growth to rising overseas demand for sports utility vehicles and eco-friendly cars.
In February, South Korea's outbound shipments of automobiles shot up a whopping 47 percent to $3.5 billion.
Container cargo processed at the seaports edged down 0.9 percent on-year to reach 2.21 million twenty-foot-equivalent units (TEUs), according to the ministry. TEU stands for a 20-foot equivalent unit.
The ministry added it was significant that the amount of containers processed at local seaports fell by a small margin in February, considering the month had fewer working days compared with the previous year. (Yonhap)
Local seaports handled 118 million tons of cargo last month, compared with 121 million tons posted a year earlier, according to the data compiled by the Ministry of Oceans and Fisheries.
Processed export-import cargo, meanwhile, rebounded after 14 months of decline, rising 0.4 percent on-year. The ministry attributed the growth to rising overseas demand for sports utility vehicles and eco-friendly cars.
In February, South Korea's outbound shipments of automobiles shot up a whopping 47 percent to $3.5 billion.
Container cargo processed at the seaports edged down 0.9 percent on-year to reach 2.21 million twenty-foot-equivalent units (TEUs), according to the ministry. TEU stands for a 20-foot equivalent unit.
The ministry added it was significant that the amount of containers processed at local seaports fell by a small margin in February, considering the month had fewer working days compared with the previous year. (Yonhap)
