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S. Korea's Exports Expand 9.5% in Feb., Rising for 4th Straight Month

Write: 2021-03-01 14:27:10Update: 2021-03-01 14:31:18

S. Korea's Exports Expand 9.5% in Feb., Rising for 4th Straight Month

Photo : YONHAP News

South Korean exports continue their growth streak, expanding by more than nine percent last month year-over-year and logging the best performance for the month of February in nine years. 

According to data from the Trade Ministry on Monday, outbound shipments in February totaled 44-point-81 billion dollars, up nine-point-five percent from a year earlier.

The average daily exports totaled two-point-three billion dollars, up 26-point-four percent, and the biggest amount for the month of February on record.

Out of the country's 15 major export items, eleven - including semiconductors and automobiles - recorded growths, leading the export gains. Semiconductors expanded by 13-point-two percent, while automobiles grew 47 percent.

Shipments to the top three markets, China, the United States and the European Union(EU) all expanded for the fourth straight month.

Imports in February rose 13-point-nine percent to 42-point-11 billion dollars, while the trade balance totaled two-point-71 billion dollars, staying in the black for the tenth consecutive month.

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