Exports up 56 % in first 20 days of Aug. on robust chip shipments
Korea's exports surged 56 percent from a year earlier over the first 20 days of August, customs data showed Friday, with shipments of semiconductors reaching a fresh high. Outbound shipments reached $55.2 billion in the Aug. 1-20 period, according to data from the Korea Customs Service. It was the highest level for the 20-day period for any August. Imports went up 19 percent on-year to $41.2…
Korea's exports jumped 56% from the previous year in the first 20 days of August, according to customs figures released on Friday. Semiconductor shipments hit a record high during this period. Total outbound shipments amounted to $55.2 billion, marking the highest level for any 20-day span in August. Imports rose by 19% compared to the same period last year, totaling $41.2 billion. This resulted in a trade surplus of $14 billion.
The customs agency highlighted that daily average exports surged 61.5% year-on-year, reaching $3.94 billion. Semiconductors alone accounted for nearly triple the exports at $26 billion, representing the highest amount for the period. They comprised 47.2% of total exports, up 22.5 percentage points from a year earlier. Petroleum product shipments expanded by 56.4% to $4.23 billion, while steel exports increased by 9.7% to $2.39 billion. Automobile exports, however, fell by 45.1% to $1.52 billion.
Export figures to China more than doubled to $15.26 billion, while shipments to the United States declined slightly.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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