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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Korea's exports soar 35 pct in Sept. reach record high

  • PUBLISHED :October 01, 2017 - 13:10
  • UPDATED :October 01, 2017 - 14:14
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[THE INVESTOR] Korea's exports soared 35 percent to reach an all-time high in September thanks to strong demand for semiconductors and displays, government data showed on Oct. 1.

Outbound shipments came to US$55.1 billion for the month, up from $40.8 billion tallied a year earlier, according to data compiled by the Ministry of Trade, Industry and Energy, and the Korea Customs Service.




The September figure marks the largest monthly total in Korean history, eclipsing the earlier record of $51.6 billion set in October 2014.

The country's exports have been on a steady rise since November led by an upturn in oil prices and recovering global trade.

September marked the ninth month in a row that exports grew by double digits.

Imports also rose 21.7 percent on-year to $41.4 billion last month.

The country's trade surplus came to $13.8 billion, marking 68 straight months that the country's exports have exceeded imports, the ministry said.

By Kim Young-won and newswires (wone0102@heraldcorp.com)

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