S. Korea's exports shot up 38.5 pct in first 10 days of July
SEJONG, July 11 (Yonhap) -- South Korea's exports shot up nearly 40 percent in the first 10 days of this month from a year earlier on robust overseas demand for semiconductors and ships, customs data showed Tuesday.
Total outbound shipments reached US$14.3 billion from July 1-10, up 38.5 percent from $10.3 billion tallied over the same period last year, according to numbers compiled by the Korea Customs Service.
The sharp increase was led by a 574.4 percent on-year surge in exports of vessels and a 50.4 percent gain in chips, with numbers for passenger cars and wireless devices backtracking 0.2 percent and 23.7 percent, respectively.
By country, exports to China rose 4.9 percent over the 10-day period from a year earlier despite Beijing's retaliatory moves against Seoul's plan to deploy a U.S. missile defense system on its soil. Shipments to Japan jumped 12.7 percent, and those to Vietnam vaulted 11.2 percent on-year.
But exports to the United States retreated 2 percent over the cited period amid the country's efforts to reduce its trade surplus with the world's largest economy.
Meanwhile, imports also advanced 17.2 percent on-year to $12.2 billion during the same period, with a trade surplus hitting $2.1 billion.
Exports of Asia's fourth-largest economy have been on a roll since November last year on the back of recovering world trade and rising oil prices.
brk@yna.co.kr
(END)
-
(News Focus) Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
-
S. Korea expresses deep regret over Japanese PM's offering to war shrine
-
(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
(LEAD) Bill Gates calls for S. Korea to play leading role in global health cooperation
-
Jungkook, first runner of BTS' photo album project
-
(2nd LD) Samsung heir Lee granted special presidential pardon
-
(News Focus) Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
-
(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
(3rd LD) THAAD issue not subject to negotiation: presidential office
-
Today in Korean history
-
(LEAD) N. Korea fires two cruise missiles toward Yellow Sea: S. Korean official
-
(3rd LD) Yoon offers to carry out aid projects as long as N.K. shows denuclearization commitment
-
N. Korea fires two cruise missiles missile toward Yellow Sea: S. Korean official
-
(LEAD) New COVID-19 cases near 180,000; imported cases hit record high
-
U.S. will maintain sanctions until N. Korea changes behavior: State Dept.