Korea’s exports recorded an 8.2 % on-year achieve within the first 20 days of November primarily on the again of sturdy world demand for semiconductors and vehicles, information confirmed Friday.
Outbound shipments reached $38.5 billion from Nov. 1 to Thursday, in contrast with $35.6 billion tallied a 12 months earlier, in line with the information from the Korea Customs Service.
Imports elevated 3.7 % on-year to $36.1 billion in the course of the interval, leading to a commerce surplus of $2.4 billion.
The company attributed the rise in outbound shipments to an increase in world demand for semiconductors and vehicles regardless of U.S. tariff measures.
Chip exports jumped 26.5 % on-year to $9.75 billion, accounting for 25.3 % of the nation’s whole exports in the course of the cited interval.
Automotive exports superior 22.9 % to $3.81 billion, whereas ship exports gained 2.3 % to $1.15 billion.
In distinction, shipments of petroleum merchandise dropped 19.3 % to $2.14 billion, and metal exports contracted 9.2 % to $2.25 billion.
By vacation spot, exports to China rose 10.2 % to $8.22 billion, and exports to the USA expanded 5.7 % to $6.78 billion.
Exports to the European Union additionally elevated 4.9 % to $3.58 billion.
In October, exports grew 3.6 % from a 12 months earlier to $59.57 billion on the again of sturdy demand for semiconductors, marking the fifth consecutive month of enhance.
