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S. Korea's exports rise 19 pct in first 10 days of Aug.

All News 09:27 August 13, 2018

SEJONG, Aug. 13 (Yonhap) -- South Korea's exports spiked 19 percent on-year during the first 10 days of August due largely to a rise in shipments of chips, petrochemical goods and auto parts, customs data showed Monday.

The country's outbound shipments reached US$14.8 billion in the August 1-10 period, according to the data from the Korea Customs Service.

The office said that daily average exports, which reflect working days, increased 18.4 percent on-year to $1.74 billion compared to a year earlier.

By product, outbound shipments of semiconductors surged 41 percent, with those of auto parts rising 11.8 percent. Exports of petrochemical goods climbed 56.7 percent.

On the other hand, ship exports plunged 97.7 percent, the latest numbers showed.

Exports to China, the United States and the European Union shot up 28.8 percent, 7.8 percent and 16.9 percent on-year, respectively.

Imports advanced 14.8 percent to $16.3 billion, resulting in a trade deficit of around $1.54 billion.

Outbound shipments reached $51.88 billion last month, rising 6.2 percent from a year ago and swinging from a 0.17 percent on-year fall the previous month, according to the data compiled by the Ministry of Trade, Industry and Energy.

This undated photo shows containers carrying export goods in Busan, South Korea's largest seaport. (Yonhap)


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