August Exports Increase 34.9% to $53.2 Billion... Highest August Record Ever (Update)

Cumulative Export Amount Surpasses $400 Billion...Shortest Period in History

[Sejong=Asia Economy Reporter Kim Hyunjung] Last month, exports increased by 34.9% compared to August of last year, marking the highest August figure ever recorded. The cumulative export amount surpassed 400 billion dollars in the shortest period ever.

The Ministry of Trade, Industry and Energy announced on the 1st that the export amount in August was $53.23 billion, a 34.9% increase compared to the same period last year.

The average daily export amount, considering the number of working days, was $2.31 billion, which is also the highest performance ever recorded in August. Accordingly, monthly export amounts have increased for 10 consecutive months since November of last year.

The cumulative export amount from January to August this year reached $411.9 billion, surpassing $400 billion in the shortest period ever.

Last month's imports recorded $51.56 billion, a 44.0% increase. The trade balance continued its surplus for 16 consecutive months with $1.67 billion.

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