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S. Korea's exports hit record high in 2018

All News 09:06 January 01, 2019

SEOUL, Jan. 1 (Yonhap) -- South Korea's exports hit an all-time high last year on brisk sales of memory chips and petrochemical goods, government data showed Tuesday.

Outbound shipments came to $605.5 billion for 2018, up 5.5 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.

Imports jumped 11.8 percent on-year to $535 billion last year for a trade surplus of $70.5 billion, marking 10th consecutive year the country has posted a surplus, the ministry said.

Containers are piled up at Busan Port on South Korea's southeast coast in this photo taken on Dec. 28, 2018. (Yonhap)


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