Exports from August 1 to 10 total $12.7 billion... Up 46.4% YoY

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

(Photo) [Image source=Yonhap News]

[Sejong=Asia Economy Reporter Joo Sang-don] Exports increased by more than 46% compared to the same period last year from August 1 to 10, continuing the export growth trend.

On the 11th, the Korea Customs Service announced that export value reached $12.7 billion by the 10th of this month, an increase of 46.4% ($4.04 billion) compared to the same period last year.

The cumulative export value this year also recorded $371.4 billion, up 27.2% ($79.38 billion) from the previous year.

The number of working days until the 10th of this month was 7.5 days, 0.5 days more than the same period last year (7 days). Considering this, the average daily export value increased by 36.7%, from $1.24 billion last year to $1.7 billion.

By item, compared to the same period last year, semiconductors (44.6%), petroleum products (33.0%), wireless communication devices (75.7%), and auto parts (99.2%) increased. Passenger cars (-39.0%) and home appliances (-15.8%) decreased.

By country, exports increased to China (42.7%), the United States (55.8%), Vietnam (23.5%), the European Union (EU, 39.9%), Taiwan (83.0%), and Japan (46.5%).

Imports until the 10th of this month amounted to $17.4 billion, up 63.1% ($6.74 billion) compared to the same period last year. The cumulative import value also recorded $356.3 billion, an increase of 27.5% ($76.91 billion).

Imports of crude oil (100.8%), semiconductors (17.9%), gas (279.7%), petroleum products (279.2%), and machinery (35.3%) increased compared to the same period last year. By country, imports increased from China (57.3%), the United States (78.1%), the EU (73.1%), Japan (35.5%), Australia (146.5%), and Saudi Arabia (82.0%).

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