Exports gain 2.2% from Nov. 1
简介South Korea's exports rose 2.2 percent on-year in the first 20 days of this month on growing de ...
South Korea's exports rose 2.2 percent on-year in the first 20 days of this month on growing demand for semiconductors and vehicles, data showed Tuesday.
Outbound shipments reached $33.79 billion in the Nov. 1-20 period, compared with $33.07 billion tallied a year earlier, according to the data from the Korea Customs Service.
Per-day exports also went up 2.2 percent on-year to $2.18 billion during the cited period, it added.
Exports grew for the first time in 13 months in October. They advanced 5.1 percent on-year to $55 billion, driven by rising chip sales in the global market.
Imports fell 6.2 percent on-year to $35.21 billion during the first 20 days of November, resulting in a trade deficit of $1.4 billion.
The growth in exports was led by upbeat global sales of South Korean semiconductors and vehicles.
Exports of semiconductors, a key export item, advanced 2.4 percent to $5.41 billion during the first 20 days of this month.
It marked the first time since September last year that chip exports logged on-year growth during the first 20 days of a month.
On a monthly basis, semiconductor exports have fallen for 15 months in a row since August 2022 through October amid the industry downcycle.
Chip exports accounted for 16 percent of the country's total exports.
Auto exports surged 20.1 percent on-year to $3.76 billion.
Shipments of petroleum products inched up 0.4 percent to $3.05 billion, and exports of electronics jumped 25.6 percent to $430 million.
But steel exports fell 9.5 percent on-year to $2.23 billion, and those of auto parts fell 3.6 percent to $1.14 billion.
By destination, exports to China, the top trading partner for South Korea, fell 2.4 percent to $7.23 billion.
Exports to the United States, however, jumped 15.7 percent on-year to $6.59 billion during the cited period, and those to Vietnam climbed 1.4 percent to $3.11 billion.
Exports to the European Union lost 4.1 percent to $3.18 billion, while those to Japan increased 10.8 percent to $1.63 billion.
"Semiconductor sales are forecast to mark on-year growth this month, which would help lead the growth in overall exports," an industry ministry official said.
The government has expected exports, the country's key economic growth engine, to bottom out and gradually recover and vowed all-out efforts to support exporters. (Yonhap)
South Koreans’ English proficiency in 2022 worsened from the previous year, descending 13 spots in a ...
Israeli airstrikes hit a densely populated refugee camp in the Gaza Strip, killing at least 50 Pales ...
The Seoul Philharmonic Orchestra and piano sensation Lim Yun-chan will take the stage together in Ja ...
HiteJinro soju seeks bigger footing in UK
Seoul shares shoot up nearly 2% on Fed's back
Yangjae Flower Festa kicks off Friday
Jungkook welcomes 'golden moment' of his life with 1st solo album
Music industry seeks solution to ticket scalping through public discussion
S. Korea's inflation grows faster, stays over 3 pct for third month in Oct.
- [New in Korean] Witches, ecofeminism, climate crisis: Tale of resilience and nature’s power
- "당 망치는 응석받이"…안철수, 이준석 제명 서명운동 시작
- S. Korea joins ICRC's major donor group for 1st time
- HMM sale to face hurdles amid slowdown in shipping industry
- Blackpink's Jennie makes solo debut on Official UK Singles Chart
- Returning minister Yu In
- Returning minister Yu In
- Japan thanks S. Korea for Israel rescue effort
- [이번 주 리뷰] 중동 전쟁 우려…국민의힘 보선 참패(9~14일)
- [Herald Review] Lim Hyunsik takes fans for a musical dive into ocean
- US missionary descendant picked to rescue troubled ruling party
- Hyundai partners with Saudi firms to build hydrogen mobility ecosystem
- Seventeen 1st male group this year to top Melon Top 100
- S. Korea to hold remembrance ceremony for independence fighter at center of ideological dispute
- 병역거부 대체복무자 첫 소집해제…1173명 전국 교정시설에
- AmCham delegation to visit Washington this week
- Chinese restaurant ‘threatened’ by peers for free delivery
- Unification minister meets US civic group head to discuss NK human rights
- 12 suspected cases of lumpy skin disease in cattle under investigation
- Fifty Fifty’s agency terminates contract with 3 of 4 group members
- Drug crimes in Seoul most common in Itaewon, Gangnam, Hongdae: study
- [Today’s K
- [Our Museums] Ride through nation's train heritage at Korea Railroad Museum
- [New on scene] Lee Jun
- Exhibition at holy site highlights Catholic presence in Korea
- Korean Air to retain Asiana workers after takeover: sources
- Seoul shares down for 3rd day amid geopolitical tension, high US bond yields
- Yoon's office denies hasty secretary sacking to hide truth
- [Korea Beyond Korea] Berlin, Europe's Korean Studies hub, nurtures next
- Samsung Biologics to offer solutions for Kurma Partners' portfolio firms