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N Chungcheong Exports USD 1.25 BN

According to North Chungcheong Province’s export and import trends in August, released by the Cheongju Main Customs last week, North Chungcheong Province’s exports in August rose by 22.3 percent year-on-year to reach USD 1.258 billion.

Following July when it showed a record high exports of USD 1.273 billion, it exported more than USD 1.2 billion for two straight months.

Exports of semiconductors reached USD 475 million, showing a 54.1 percent growth year-on-year.

Machinery (35.5 percent) also contributed to the export growth.

However, exports of precision equipment (-5.8 percent) and other electronic and electrical products (-1.9 percent) were slow.

Exports to Hong Kong (83.7 percent), European Union (29.5 percent), Taiwan (20.2 percent) and China (10.1 percent) increased, whereas those to the United States (-21.8 percent) and Japan (-5.6 percent) decreased.

Imports stood at USD 570 million, showing a trade surplus of USD 751 million.

Source Text

Source: Yonhap News (Sep. 17, 2013)

** This article was translated from the Korean.