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Exports Rise 11.2% in First 10 Days of January

Written: 2024-01-11 09:44:15Updated: 2024-01-11 09:48:39

Exports Rise 11.2% in First 10 Days of January

Photo : YONHAP News

Exports rose more than ten percent on-year in the first ten days of January.

According to preliminary data from the Korea Customs Service on Monday, the country’s outbound shipments marked 15-point-44 billion U.S. dollars in the cited period, up eleven-point-two percent on-year.

Average daily exports also increased eleven-point-two percent, with the number of working days the same as last year at seven and a half.

Exports of semiconductors jumped 25-point-six percent while shipments of petrochemical products and automobiles also rose 20-point-one percent and two-point-two percent, respectively.

Exports to China increased ten-point-one percent in the period, and shipments to the United States and the European Union also gained 15-point-three percent and 16-point-two percent, each.

Imports dropped eight-point-three percent on-year to around 18-point-four billion dollars during the period, resulting in a trade deficit of three-point-01 billion dollars, smaller than the six-point-24 billion-dollar shortfall logged a year earlier.

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