Korea’s exports grew by 6.8% during the first 20 days of December
SEOUL, December 22nd / WAM / The Republic of Korea’s exports achieved a growth of 6.8% over the previous year during the first twenty days of this December, supported by strong global demand for semiconductors, according to data from the Korean Customs Service issued today.
The Korean Yonhap News Agency reported that the value of exports amounted to 43 billion US dollars during the period from December 1 to 20, compared to 40 billion dollars during the same period last year, according to customs authority data.
This represents an all-time high for this period. The previous record was set last year.
Chip exports jumped by 41.8% year-on-year to reach $11.65 billion, representing 27.1% of the country’s total exports during the aforementioned period.
In contrast, automobile exports decreased by 12.7%, reaching $3.25 billion. Exports of petroleum products decreased by 1%, reaching $2.63 billion.
Imports rose by 0.7% year-on-year to reach $39.2 billion during this period, resulting in a trade surplus of $3.8 billion.
During last November, exports grew by 8.4% compared to the previous year to reach $61 billion, recording an increase for the sixth month in a row. Against the backdrop of strong demand for semiconductors.
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