Exports up 60% in first 20 days of June on robust chip sales - EUROPE SAYS
Containers are stacked at a port in the southeastern city of Busan in this photo taken Tuesday. (Yonhap)South Korea’s exports jumped 60. 4 percent from a year earlier in the first 20 days of June, data showed. . .
Containers are stacked at a port in the southeastern city of Busan in this photo taken Tuesday. (Yonhap)South Korea’s exports jumped 60. 4 percent from a year earlier in the first 20 days of June, data showed Monday, setting a new fresh high for the period amid robust shipments of semiconductors. Outbound shipments reached $62 billion in the June 1-20 period, compared with $38. 6 billion tallied in the same period last year, according to the data from the Korea Customs Service. It marked the highest 20-day figure on record, surpassing the previous high of $54. 3 billion posted in March this year. Imports went up 23. 2 percent on-year to $44. 5 billion over the cited period, resulting in a trade surplus of $17 billion, the latest findings showed. By sector, exports of chips nearly tripled to $25. 5 billion amid soaring global demand for memory driven by the artificial intelligence industry. Semiconductors accounted for 41. 2 percent of total exports, up 18. 3 percentage points from a year earlier. Exports of automobiles and petroleum products also rose 2. 3 percent and 39 percent, respectively, to $3. 73 billion and $3. 67 billion. Outbound shipments of auto parts, meanwhile, fell 9. 5 percent to $1. 1 billion. By destination, exports to China jumped 86. 9 percent to $13 billion, while those to the United States soared 53. 9 percent to $11. 4 billion. Shipments to Vietnam and the European Union increased 75. 5 percent and 13. 6 percent, respectively. South Korea’s combined exports this year through Saturday came to $456. 4 billion, up a sharp 45. 6 percent from the same period a year earlier. (Yonhap)Tags:Conflictsnorth korea