New Year's First Export Indicator Up 5.3%... Semiconductors Up 11% (Update)

Korea Customs Service Announces Export and Import Status from January 1 to 10

Asia Economy DB=Photo by Honam Moon munonam@

[Asia Economy Reporter Kim Bo-kyung] Exports started the new year on an upward trend as semiconductor exports surged significantly.

According to the Korea Customs Service on the 13th, the export value from January 1 to 10 (provisional clearance basis) was $13.3 billion, an increase of 5.3% ($660 million) compared to the same period last year.

Semiconductor exports led the export rebound, rising 11.5% compared to the same period a year ago. Along with semiconductors, petroleum products (30.6%) and ships (0.1%) increased, while passenger cars (-4.6%), wireless communication devices (-4.8%), and automobile parts (-9.6%) decreased.

By country, exports increased to Vietnam (11.7%), Japan (6.0%), Hong Kong (26.5%), and the Middle East (45.3%), while exports to China (-3.5%), the United States (-12.0%), and the European Union (EU, -5.9%) decreased.

The number of working days from the 1st to the 10th was 7.5 days, the same as the same period last year. Considering this, the average daily export value was $1.77 billion, up 5.3% compared to the same period last year.

This content was produced with the assistance of AI translation services.