Exports up 69.1% from 1st to 10th... "1.5 more working days"

Korea Customs Service, Export and Import Status from February 1 to 10

Daily Average of $2.11 Billion... Up 39.3% YoY

(Photo) [Image source=Yonhap News]

[Sejong=Asia Economy Reporter Joo Sang-don] Export value from the beginning of this month to the 10th has increased by more than 69% compared to the same period last year. While the increase in working days by 1.5 days had a significant impact, the daily average export value also rose by more than 39% after accounting for this.

According to the Korea Customs Service on the 15th, export value from February 1 to 10 reached $18 billion, up 69.1% ($7.34 billion) compared to the same period last year.

The significant increase in export value this month compared to last year is largely due to 1.5 more working days. The number of working days from the 1st to the 10th this month was 8.5 days, while it was 7 days during the same period last year. However, even after considering this, the daily average export value increased by 39.3% to $2.11 billion.

By major items, exports increased compared to the same period last year in semiconductors (57.9%), passenger cars (102.4%), petroleum products (37.5%), wireless communication devices (88.0%), and automobile parts (80.6%).

By country, exports increased across the board including China (65.7%), the United States (91.4%), the European Union (EU, 126.1%), Vietnam (64.3%), Japan (43.5%), and the Middle East (29.2%).

Imports from the 1st to the 10th amounted to $20.4 billion, up 71.9% ($8.54 billion) compared to the same period last year. Imports increased in crude oil (26.7%), semiconductors (41.5%), gas (182.9%), machinery (57.4%), petroleum products (52.4%), and precision instruments (40.8%). By country, imports increased from China (162.5%), the United States (45.1%), the Middle East (40.0%), the EU (58.7%), Japan (37.8%), and Australia (147.3%).

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