Containers are stacked at a port within the southeastern metropolis of Busan, Dec. 31. Yonhap
Korea’s exports elevated 3.8 p.c from a yr earlier within the first 10 days of this month on sturdy shipments of chips, information confirmed Monday.
Outbound shipments reached $16 billion within the Jan. 1-10 interval, in contrast with $15.4 billion tallied a yr earlier, in line with the information from the Korea Customs Service.
Imports gained 2.6 p.c on-year to $19 billion throughout the interval, leading to a commerce deficit of $3 billion.
Exports of semiconductors surged 23.8 p.c on-year to $3.18 billion over the cited interval.
Shipments of semiconductors accounted for 32 p.c of the nation’s whole exports throughout the 10-day interval, in contrast with 26 p.c a yr earlier, the information confirmed, amid an trade cycle upturn.
Auto exports went up 4.7 p.c to $1.36 billion, whereas these of petroleum merchandise plunged 47 p.c to $851 million.
By nation, shipments to China elevated 3.4 p.c on-year to $3.36 billion, and exports to america gained 1.4 p.c to $2.67 billion.
Outbound shipments to the European Union shed 2.5 p.c to $1.62 billion. (Yonhap)