Korea’s exports decreased by 2.3% during the first 10 days of January
SEOUL, January 12, 2017 (WAM) – The Republic of Korea’s exports decreased by 2.3% on an annual basis during the first ten days of this January, according to data issued today, Monday, by the Korean Customs Agency.
The Korean Yonhap News Agency reported that exports amounted to $15.55 billion during the period from January 1 to 10, compared to $15.92 billion during the same period last year, according to the data.
In contrast, the daily average of exports increased by 4.7% on an annual basis to $2.22 billion during the first ten days of this month, and the number of working days during this period reached 7 days compared to 7.5 days in the previous year.
Imports declined by 4.5% to $18.21 billion during the aforementioned period, resulting in a trade deficit of $2.7 billion.
By commodity, chip exports grew by 45.6% to reach $4.64 billion during the first 10 days of the month, constituting 29.9% of the country’s total exports, an increase of 9.8 percentage points over last year.
However, automobile exports fell by 24.7% year-on-year to $1.01 billion, ship exports fell by 12.7% to $923 million, and steel product exports fell by 18.7% to $976 million.
For the whole of 2025, exports reached an all-time high of $709.7 billion, surpassing the $700 billion threshold for the first time.
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