S. Korea Posts 6.8 Percent Increase in Exports
Export revenues reached $43.03 billion for the December 1-20 window, the customs agency reported. On a per-day basis, shipment values rose 3.6 percent to $2.61 billion across the same timeframe.
Chip exports dominated growth, skyrocketing 41.8 percent to $11.65 billion. In sharp contrast, vehicle shipments tumbled 12.7 percent to $3.25 billion.
Vessel exports experienced double-digit contraction, while steel, petroleum products, and automotive components all registered single-digit downturns.
Import activity edged upward 0.7 percent to $39.21 billion during December's opening 20 days, generating a trade surplus of $3.82 billion.
Inbound shipments of semiconductors, automobiles, precision equipment, and mobile technology all posted double-digit gains. However, purchases of liquefied natural gas, coal, refined petroleum, and chipmaking machinery contracted by double-digit margins.
The data underscores South Korea's continued dependence on semiconductor sector performance amid weakening automotive export momentum and volatile energy import costs.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
