April 26, 2024
Economy
Korea’s exports up 12% in first 20 days of Dec.
[THE INVESTOR] South Korea’s exports increased 11.6 percent in the first 20 days this month, according to latest customs data on Dec. 21.
The country’s exports totaled US$27.1 billion from Dec. 1-20, up from US$24.2 billion tallied over the same period last year, according to the Korea Customs Service.
Outbound shipments of semiconductors soared 19.5 percent on-year and those of passenger cars gained 8.6 percent over the cited period.
However, exports of wireless devices fell 2.3 percent in the aftermath of Samsung Electronics’s production halt of the Galaxy Note 7, while shipments of auto parts declined 7 percent.
The data showed that imports also rose 9.4 percent on-year to US$24.4 billion over the 20-day period, resulting in a trade surplus of US$2.63 billion.
If December exports continue their upbeat mode by the end of the month, it will be the first time that the monthly figure posts a two-month winning streak since September and October in 2014.
(theinvestor@heraldcorp.com)
The country’s exports totaled US$27.1 billion from Dec. 1-20, up from US$24.2 billion tallied over the same period last year, according to the Korea Customs Service.
Outbound shipments of semiconductors soared 19.5 percent on-year and those of passenger cars gained 8.6 percent over the cited period.
However, exports of wireless devices fell 2.3 percent in the aftermath of Samsung Electronics’s production halt of the Galaxy Note 7, while shipments of auto parts declined 7 percent.
The data showed that imports also rose 9.4 percent on-year to US$24.4 billion over the 20-day period, resulting in a trade surplus of US$2.63 billion.
If December exports continue their upbeat mode by the end of the month, it will be the first time that the monthly figure posts a two-month winning streak since September and October in 2014.
(theinvestor@heraldcorp.com)
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