Exports Surge 26.9% from 1st to 10th...Semiconductors Up 52%, Communication Devices Up 59% (Update)

Korea Customs Service Announces Export and Import Performance from December 1 to 10
Exports Reach $16.3 Billion, Imports $15.4 Billion

[Image source=Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] Exports from the 1st to the 10th of this month recorded $16.3 billion, a 26.9% increase compared to last year.

According to the Korea Customs Service's announcement on the 'Export and Import Status from December 1 to 10 (provisional customs clearance basis)' on the 11th, exports during this period increased by 26.9% ($3.45 billion) year-on-year to $16.3 billion.

The number of working days was one day more than last year. Considering the number of working days, the average daily export amount rose 11.9% to $1.92 billion.

By major export items, compared to the same period last year, semiconductors (52.1%), passenger cars (22.4%), wireless communication devices (59.6%), and automobile parts (34.0%) increased, while petroleum products (-36.8%) decreased.

By country, exports to China (12.1%), the United States (23.1%), the European Union (EU, 45.6%), Vietnam (51.5%), and Japan (22.5%) increased, whereas exports to the Middle East (-33.6%) and Singapore (-25.1%) decreased.

Imports amounted to $15.4 billion, up 7.9% ($1.12 billion) from the same period last year.

By import items, semiconductors (28.2%), passenger cars (85.4%), and precision instruments (8.8%) increased, while crude oil (-23.4%), machinery (-3.0%), and gas (-18.0%) decreased.

Imports from China (20.6%), the EU (14.4%), the United States (4.3%), and Japan (23.0%) increased, but imports from the Middle East (-32.6%) declined.

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