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THE INVESTOR
February 22, 2018

Economy

Korea’s exports jump 22% in Jan.

  • PUBLISHED :February 01, 2018 - 10:19
  • UPDATED :February 01, 2018 - 10:19
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[THE INVESTOR] Korea’s exports soared 22.2 percent in January from a year earlier on brisk sales of memory chips and petrochemical products, government data showed on Feb. 1.

Outbound shipments came to US$49.21 billion for January, up from US$40.25 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.

Exports rose for 15 months in a row, posting double-digit growth for the first time in four months.

Imports also jumped 20.9 percent on-year to US$45.48 billion last month.

Korea’s trade surplus came to US$3.7 billion, marking 72 straight months in which the country‘s exports have exceeded imports, the ministry said.

By Seong Seung-hyun and newswires (ssh@heraldcorp.com)
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