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Biz News Korea(Eng)
Korea’s exports up 22.4% on yr in July 1-20, surplus at $4.1 bn
- Collected
- 2017.07.21
- Distributed
- 2017.07.26
- Source
- Go Direct
According to Korea Customs Service (KCS) on Friday, daily average shipment valued $1.9 billion during the first 20 days in July, up 22.4 percent on year.
Given the pace, exports would be ending July in a nine-month growth streak. The last time Korean exports had been strong that long was in December 2011.
The growth in exports was mainly led by ships, semiconductors, and automobiles.
Vessel exports soared 245.6 percent on year and semiconductors 47.7 percent. Automobile shipments surged 11.8 percent.
But shipment of mobile communication devices plunged 16.8 percent on year and auto parts down 5.1 percent.
By country, exports to Vietnam rose 21.9 percent, European Union countries 13.4 percent, and the United States 5.4 percent. Shipments to China also rose 3.2 percent on year.
Imports over the same period grew 13.3 percent to $25.9 billion to deliver a trade surplus of $4.1 billion.
By Ko Jae-man
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]