South Korea's exports increased more than ten percent from a year earlier in the first 20 days of September.
Preliminary data from the Korea Customs Service on Monday showed the country’s outbound shipments reached 40-point-one billion U.S. dollars during the cited period, an increase of 13-point-five percent from the previous year.
However, average daily exports dropped ten-point-six percent, primarily due to U.S. tariffs, despite the number of working days increasing to 16 and a half, up three and a half days from last year.
Exports remained strong in major sectors, with semiconductors and shipbuilding exports increasing by 27 percent and 46-point-one percent year-on-year, respectively.
Exports to most major trading partners — including the United States and China — also increased, rising by six-point-one percent and one-point-six percent year-on-year, respectively.
Imports rose by nine-point-nine percent year-on-year to 38-point-two billion U.S. dollars, resulting in a trade surplus of one-point-nine billion dollars.