Exports double in first 10 days of October on chips
Korea's exports more than doubled from a year earlier during the first 10 days of October, customs data showed Monday, on the back of the global semiconductor upcycle. Outbound shipments reached $26.1 billion in the Oct. 1-10 period, according to the data from the Korea Customs Service. It marked the highest export value for the period, surpassing the previous record of $15.3 billion set in the…
Korea's exports more than doubled in the first 10 days of October, customs figures reveal, driven by the semiconductor industry's surge. Shipments abroad reached $26.1 billion, a record high, eclipsing the previous mark of $15.3 billion set in the same period a year ago. The average daily export figure stood at $4.75 billion, also a record for a 10-day span. Imports increased by 65.5 percent year-on-year to $22.3 billion, leading to a trade surplus of $3.8 billion.
In terms of sectors, chip exports skyrocketed 170.9 percent, totaling $12.1 billion. Petroleum product exports rose 45.6 percent to $1.75 billion. Car exports surged 82.7 percent to $1.21 billion, while steel exports grew 49.4 percent to $1 billion. However, ship exports declined 13.4 percent to $682 million.
Exports to China jumped 167 percent to $7.59 billion, while shipments to the United States rose 159.9 percent.
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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- (LEAD) Exports double in first 10 days of October on chips en.yna.co.kr
- Exports double in first 10 days of October on chips koreatimes.co.kr
