KCS Announces Export-Import Status from October 1-20
Semiconductors Up 12%...Automobiles Down 7.6%
[Asia Economy Reporter Kim Bo-kyung] Export value from the 1st to the 20th of this month recorded $25.2 billion, a 5.8% decrease compared to the same period last year. However, due to strong semiconductor exports, the average daily performance increased by 5.9%.
According to the export-import status report from October 1 to 20 released by the Korea Customs Service on the 21st, exports during this period amounted to $25.2 billion, down 5.8% (-$1.56 billion) compared to the same period last year.
The number of working days was 12, 1.5 days fewer than last year. Considering this, the average daily export value increased by 5.9% ($120 million) to $2.1 billion.
By export item, semiconductors (12.1%), precision instruments (1.9%), and computer peripherals (10.5%) increased, while passenger cars (-7.6%), wireless communication devices (-1.7%), and petroleum products (-42.1%) decreased.
By country, exports increased to Vietnam (0.7%), the European Union (EU, 13.8%), and Canada (38.8%), while exports to China (-4.6%), the United States (-2.3%), and Japan (-17.0%) decreased.
Imports during this period recorded $24.7 billion, a 2.8% (-$700 million) decrease compared to the same period last year. As a result, the trade balance showed a surplus of $4.4 billion.
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