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S Korea's export rises 11.1 pc  in 20 days of April

B360 April 22, 2024, 3:36 pm
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SEOUL: South Korea's exports saw a double-digit increase in the first 20 days of this month, driven by robust demand for locally-produced semiconductors, according to data from the customs office released on Monday. 

Outbound shipments rose by 11.1% compared to the same period last year, reaching $35.82 billion from April 1-20, as reported by the Korea Customs Service. The daily average export also increased by 11.1% during these 20 days. This marks the sixth consecutive month of growth in monthly exports through March.

Imports also saw an increase of 6.1%, amounting to $38.47 billion in this period, resulting in a trade deficit of 2.65 billion dollars.

Exports of semiconductors surged by 43.0% to $5.85 billion during the cited period, while exports of cars, oil products, computers, and home appliances also saw significant growth. 

Shipments of steel products and auto parts saw a decrease in single digits, but those of mobile devices and precision machinery experienced an increase.

Imports of semiconductor equipment, automobiles, and coal saw a double-digit decrease during the period.

By RSS/Xinhua

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MAY 2024

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