Shortcut to Body Shortcut to main menu

Investment News

S. Korea's exports rise 11.2 pct on-year in Jan.
Date
2017.02.01
According to Yonhap News, 


(SEJONG=Yonhap News) South Korea's exports rose 11.2 percent in January from a year earlier on brisk overseas sales of semiconductors and petrochemicals, the government said Wednesday.

Outbound shipments came to US$40.3 billion last month, up from $36.2 billion tallied a year earlier, according to the Ministry of Trade, Industry and Energy.

It is the first time since January 2013 that the nation's exports have posted double-digit growth. Also for the first time in two years and nine months, the monthly export volume expanded for three months in a row.

The upturn is driven by a rise in exports of key industrial goods, such as semiconductors and petrochemicals, the ministry said.

Exports of semiconductors hit an all-time high of $6.41 billion in January, while overseas sales of petrochemicals came to $3.52 billion, the biggest since December 2014.

By region, South Korea's exports to China climbed 13.5 percent on-year last month, marking the first double-digit growth in 41 months.

Imports expanded 18.6 percent on-year to $37.1 billion in January.

January's trade surplus came to $3.2 billion, marking the 60th consecutive month of a surplus.

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution 
without permission is prohibited.


Source Text


Source: Yonhap News (Feb. 1, 2017)

Related News

    Meta information

    Services

    Invest KOREA provides services support your investment journey.

    Find Nearby Invest KOREA Offices

    Discover nearby offices for Convenient access in your area

    Go to Overseas Office Site