- Information Center
- Investment News
The amount of cargo processed at South Korea's seaports gained 7.6 percent last
month from a year earlier, fueled by more international trade, the government
The volume of cargo handled at the country's seaports came to just under 101.96 million tons in February, according to the Ministry of Land, Transport and Maritime Affairs.
"The increase was helped by a rise in the export of automobiles and textiles as well as inbound shipments of oil products and iron ore," the ministry said in a press release. Export and import cargo rose 8.3 percent on-year to 72.22 million tons.
The volume of automobiles and minerals handled by local ports gained 31.7 percent and 25.0 percent, respectively. The figure for oil products also rose 4.9 percent, while the volume for steel and sand declined last month compared to the year before, the report said.
In the first two months of this year, South Korean ports handled 213.77 million tons of cargo, a gain of 5.6 percent from 202.44 million tons tallied the year before.