DAEGU < invest Korea

According to Yonhap News,

Exports hit a three-month high in Daegu.

According to the Korea International Trade Association(KITA), exports in Daegu increased 23.7% year-on-year to USD 552 million.

This is a record increase for the 3rd straight month on a year-on-year basis, following March's 32.2% and April's 21.5% increase.

By goods, exports of auto parts led the increase, rising by 47.4% to USD 73 million. Lighting equipment became the top 3 export items as the exports to Poland.

By region, outbound shipments to Japan increase 4 months in a row.

An official from KITA said "exports to Japan surged 143.5% year-on-year due to the Japanese earthquake despite shorter working days in May.

Imports in the region also increased by 30.6% year-on-year to USD 324 million, hitting a record high.

Last month's exports and imports in North Gyeongsang Province rose by 23.2% and 30.5%, respectively to about USD 4.3 billion and 1.9 billion.

Source Text

Source: Yonhap News (June 22, 2011)

**This is an English translation of a Korean news article.