Export Increased by 1.2% from December 1 to 20...Semiconductors Up 26%, Auto Parts Up 3.5% (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Moon Chaeseok] Export value from the 1st to the 20th of this month recorded $30.8 billion, an increase of 1.2% compared to the same period last year.

According to the Korea Customs Service's announcement on the "Export and Import Status from December 1 to 20 (provisional customs clearance basis)" on the 21st, exports during this period amounted to $30.8 billion, up 1.2% ($380 million) from the same period last year.

The number of working days from the 1st to the 20th of this month was 15.5 days, 0.5 days fewer than last year. Considering the number of working days, the average daily export value was $1.99 billion, an increase of 4.5% ($90 million) compared to the same period last year.

By item, semiconductors (26.4%), wireless communication devices (38.3%), and automobile parts (3.5%) increased, while passenger cars (-3.5%), petroleum products (-49.9%), and computer peripherals (-16.3%) decreased.

By country, exports to the United States (0.7%), European Union (EU, 14.6%), and Vietnam (25.9%) increased, while those to China (-2.3%), Japan (-10.2%), and the Middle East (-43.2%) decreased.

Meanwhile, imports from the 1st to the 20th decreased by 8% ($2.41 billion) compared to the same period last year, totaling $27.7 billion. The trade balance showed a surplus of $3.1 billion.

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