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S. Korea's Exports Rise for 9th Month to Post Record High in July

Written: 2021-08-01 12:23:25Updated: 2021-08-01 14:06:55

S. Korea's Exports Rise for 9th Month to Post Record High in July

Photo : YONHAP News

South Korea's exports rose by nearly 30 percent on-year in July to post a record in the monthly export volume.

According to the Ministry of Trade, Industry and Energy on Sunday, the country's outbound shipments came to 55-point-four billion U.S. dollars last month, up 29-point-six percent from a year earlier.

The figure is the largest export volume since the nation started compiling trade data in 1956 – the previous record was 55-point-12 billion dollars tallied in September 2017.

Exports posted growth for the ninth consecutive month since November last year.

Shipments of semiconductors rose 39-point-six percent on-year to eleven billion dollars in July, marking the largest for the month.

Imports increased 38-point-two percent on-year to 53-point-six billion dollars last month, with the nation logging a trade surplus for the 15th consecutive month.

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