Exports up 16.7% from 1st to 20th... Strong performance in 'Semiconductors, Cars, Wireless Communication' despite fewer working days
Korea Customs Service, Export and Import Status from February 1 to 20
Average Daily Export Value Considering Working Days Reaches $2.17 Billion... Up 29.2% from Last Year
![(Photo) [Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2020060110494368388_1590976183.jpg)
[Sejong=Asia Economy Reporter Joo Sang-don] Exports continued to rise through the 20th of this month. Despite the Lunar New Year holiday reducing the number of working days by 1.5 days compared to last year, both total exports and average daily exports increased.
According to the Korea Customs Service's announcement on the 22nd regarding export-import status from February 1 to 20, export value reached $30.4 billion, up 16.7% ($4.36 billion) compared to the same period last year.
Cumulative exports up to February 20 this year also recorded $78.4 billion, increasing 13.4% ($9.28 billion) compared to the same period last year.
During the period from the 1st to the 20th of this month, the Lunar New Year holiday was included, resulting in 14 working days, 1.5 days fewer than the 15.5 days in the same period last year. Considering this, the average daily export value was $2.17 billion, a 29.2% increase from $1.68 billion in the same period last year.
Among major export items, semiconductors (27.5%), passenger cars (45.9%), and wireless communication devices (33.6%) increased. On the other hand, petroleum products (-5.7%) and computer peripherals (-4.8%) decreased.
By country, exports increased to China (32.7%), the United States (14.0%), the European Union (EU, 53.6%), Vietnam (10.9%), and Japan (6.5%), while exports to the Middle East (-31.3%) and Singapore (-21.0%) decreased.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- 2030s Prefer Temples, 5060s Choose Art Museums... Data Reveals Diverging Travel Preferences
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Imports during the period from the 1st to the 20th reached $31.6 billion, up 24.1% ($6.14 billion) from last year. Semiconductors (10.3%), gas (59.6%), machinery (18.6%), and precision instruments (14.5%) increased, while crude oil (-17.8%) and petroleum products (-13.3%) decreased. By major importing countries, imports from China (95.6%), the United States (6.9%), Japan (17.2%), the European Union (6.5%), and Vietnam (30.3%) increased, while imports from the Middle East (-8.0%) decreased.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
