Mid-Month Export Up 11% This Month...Semiconductors Up 22%, Cars Up 12% (Comprehensive)

Korea Customs Service Announces Export-Import Performance from November 1-20
Average Daily Export Value $1.95 Billion...7.6% Increase YoY
Imports Up 1.3% YoY...Increase from China and EU

[Image source=Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] Export value from the 1st to the 20th of this month recorded $31.3 billion, an increase of about 11% compared to the same period last year.

According to the 'Export and Import Status from November 1 to 20 (Customs Clearance Basis, Preliminary)' announced by the Korea Customs Service on the 23rd, exports during this period amounted to $31.3 billion, up 11.1% ($3.12 billion) from the same period last year.

The number of working days from the 1st to the 20th of this month was 16 days, 0.5 days more than last year. Considering the number of working days, the average daily export value was $1.95 billion, an increase of 7.6% ($130 million) compared to the same period last year.

By major export items, semiconductors (21.9%), passenger cars (11.9%), and wireless communication devices (36.2%) increased, while petroleum products (-48.2%), computer peripherals (-1.9%), and home appliances (-3.1%) decreased.

Exports by country increased to China (7.2%), the United States (15.4%), and the European Union (EU, 31.4%), but decreased to Japan (-7.2%), the Middle East (-21.8%), and Australia (-15.2%).

Meanwhile, imports during this period amounted to $28 billion, an increase of 1.3% ($360 million) compared to the same period last year.

By major import items, semiconductors (26.4%), machinery (11.7%), and precision instruments (15.3%) increased, while crude oil (-46.9%), wireless communication devices (-0.2%), and gas (-30.2%) decreased.

Imports from China (16.7%), the EU (31.7%), and Japan (16.7%) increased, but imports from the United States (-19.5%), the Middle East (-43.5%), and Vietnam (-7.9%) decreased.

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