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N.Chungcheong Shows Increasing Export Trend

According to a report on exports of imports of North Chungcheong Province in September released by Cheongju Main Customs last week, the province’s exports rose by 9.5 percent year-on-year to reach USD 1.177 billion.

It is satisfactory while the number did not reach USD 1.2 billion, the record high in July and August.

Strong semiconductor exports continued in September.

Exports of fine equipment (-7.8 percent), general machinery (-5.5 percent) and other electronic and electrical products (-2.8 percent) slowed down year-on-year, whereas semiconductor exports increased by 28.7 percent.

Exports to EU grew by 0.2 percent, however those to China (-19.3 percent), Japan (-41.4 percent) and the United States (-1.6 percent) were reduced.

Imports stood at USD 510 million, showing a trade surplus of USD 676 million.

Source Text

Source: Yonhap News (Oct. 17, 2013)

** This article was translated from the Korean.