Exports Reach $15.2 Billion by the 10th of This Month... Up 63.5% YoY (Update)

Customs Service Reports October 1-10 Exports:
Semiconductors Up 22.0%, Passenger Cars Up 51.5%, Wireless Communication Devices Up 13.4%

(Photo)

[Sejong=Asia Economy Reporter Joo Sang-don] Exports continued to show strong growth, increasing by more than 60% compared to the same period last year through the 10th of this month.

According to the Customs Service on the 12th, export value from October 1 to 10 reached $15.2 billion, up 63.5% ($5.89 billion) compared to the same period last year.

Accordingly, the cumulative export value from the beginning of this year through October 10 was $482.8 billion, an increase of 27.1% ($102.95 billion) compared to the same period last year.

The number of working days was 5.5, one day more than the 4.5 days during the same period last year. Considering this, the average daily export value rose 33.8% from $2.06 billion in October last year to $2.76 billion.

By item, exports increased compared to the same period last year in semiconductors (22.0%), petroleum products (206.6%), passenger cars (51.5%), wireless communication devices (13.4%), and precision instruments (45.7%).

By country, exports increased to China (40.2%), the United States (77.1%), Vietnam (20.2%), the European Union (EU, 57.0%), Japan (88.8%), and Taiwan (91.2%).

Imports from October 1 to 10 amounted to $17.6 billion, up 58.6% ($6.51 billion) compared to the same period last year. The cumulative annual import value reached $460 billion, an increase of 29.6% ($104.93 billion).

For major items, imports increased compared to the same period last year in crude oil (70.5%), semiconductors (16.2%), petroleum products (437.1%), and wireless communication devices (108.6%), while machinery decreased (-4.5%). By country, imports increased from China (31.6%), the United States (51.2%), the EU (43.2%), Japan (34.1%), Australia (183.6%), and Saudi Arabia (63.9%).

Meanwhile, the trade balance from October 1 to 10 recorded a deficit of $2.456 billion, but the cumulative annual balance showed a surplus of $22.827 billion.

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