ULSAN < invest Korea

Ulsan's export in March rose from the same period last year, driven by an increase in exports of petroleum products, automobiles and ships.

According to Ulsan Customs's March import and export trend announced on April 17, exports reached USD 7.47 billion, up 1.0% year-on-year.

Imports recorded USD 5.80 billion, a 15.4% drop year-on-year.

The trade balance has been in the black for 114 months in a row since October 2014 with a surplus of USD 2.39 billion.

By item, petroleum products rose 0.2% year-on-year to USD 2.5 billion thanks to an increase in export volume, despite falling export unit prices.

The export of automobiles rose 3.1% to USD 2.33 billion, driven by an increase in exports to North America including US and Canada.

When it comes to ships, the export rose 200.5% to USD 460 million, thank to the increased exports of high-value-added ships such as LNG carriers.



yongtae@yna.co.kr

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Source: Yonhap News (April 17, 2024)