From November 1 to 10, exports increased by 29.3%… 14.1%↑ on a daily average basis

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From November to yesterday (10th), the export amount increased by nearly 30% compared to the same period last year.

The Korea Customs Service announced today that exports (provisional value based on customs) from the 1st to the 10th were $18.3 billion, an increase of 29.3% ($4.1 billion) compared to the same period last year.

During this period, the number of working days was 8.5, one more day than last year.

Average daily exports, taking into account the number of working days, increased by 14.1%.

Looking at the export value of major items without considering the number of working days, semiconductors (45.3%), petroleum products (81.5%), passenger cars (6.3%), and precision equipment (26.1%) increased from the same period last year.

Exports of wireless communication devices (10.0%) and ships (60.7%) decreased.

By partner country, exports to China (34.9%), the United States (20.8%), the European Union (26.2%), Vietnam (16.3%), Taiwan (71.1%), and Japan (32.1%) increased.

Our exports increased for 12 consecutive months from November last year to last month.

Over the past three months, the export growth rate compared to the same month of the previous year was August (34.7%), September (16.7%), and October (24.0%).

From the 1st to the 10th of this month, the amount of imports increased by 59.0% ($7.9 billion) compared to the same period last year, accounting for $21.2 billion.

By major item, imports of semiconductors (37.1%), crude oil (158.7%), machinery (14.8%), and petroleum products (158.1%) increased from a year ago.

On the other hand, imports such as passenger cars (24.2%) decreased.

As of the 10th of this month, the trade balance is in the deficit of 3 billion dollars.

During the same period last year, the trade surplus was $800 million.

Reference-news.sbs.co.kr

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