South Korea Exports Rise 6.9%
South Korea Exports Rise 6.9%

South Korea Exports Rise 6.9%

South Korea Exports Rise 6.9%

South Korea’s exports rose 6.9% during the first 20 days of October compared to a year earlier, led by brisk sales in semiconductors and ships, data showed Saturday, Yonhap reported. Asia’s fourth-largest economy shipped out $26.7 billion worth of goods from Oct. 1-20, despite short working days during the long-haul Chuseok holiday that ran for the first 10 days of the month, according to the data from the Korea Customs Service. Overseas sale of ships and memory chips soared 118.5% and 80.8%, respectively, on-year to contribute to overall growth. Exports to China and European Union each rose 10.8% and 13.9%, while those to the United States and Japan declined 21.9% and 18.1%, respectively. Imports also climbed 3.1% to $24.1 billion for a trade surplus of $2.6 billion. If this trend continues, exports are expected to rise for 12 consecutive months, the customs service said.The country’s exports have been on a steady rise since last November, led by an upturn in oil prices and recovering global trade.

Short URL : https://goo.gl/7PmLpJ
  1. https://goo.gl/CrgH8A
  • https://goo.gl/EMbJs4
  • https://goo.gl/y34Tz3
  • https://goo.gl/YNZbPV
  • https://goo.gl/TqqgnX

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Fitch Upgrades India’s Growth Forecast to 7.8%
US multinational Fitch Ratings on Friday raised India’s GDP...
Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...

Add new comment

Read our comment policy before posting your viewpoints