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S. Korea's Exports Up 9.3% in First 20 Days of July

According to Yonhap News,

(SEJONG=Yonhap News) South Korea's exports rose 9.3 percent on-year during the first 20 days of July, due to a rise in outbound shipments of chips and petrochemical goods, customs data showed Monday.

The country's outbound shipments reached US$32.8 billion in the July 1-20 period, according to the Korea Customs Service (KCS).

The customs office said that the daily average exports, which reflect working days, grew 5.9 percent on-year to $2.05 billion compared with a year earlier.

In June, the country's exports remained almost flat after soaring 13.5 percent in May. In April, the country's outbound shipments dipped 1.5 percent.

By product, shipments of semiconductors surged 42.2 percent, with numbers for petrochemical goods jumping 63 percent.

However, exports of ships and autos plunged 75.8 percent and 1.7 percent, respectively, the latest findings showed.

In the first 20 days of the month, the country's imports moved up 21.6 percent on-year to reach $31.9 billion, resulting in a trade surplus of $886 million, the KCS said.

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Source Text

Source: Yonhap News (July 23, 2018)

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