Gwangju Jeonnam Exports Increase by Over 20% for Three Consecutive Months

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Exports from the Gwangju and Jeonnam regions recorded a growth rate in the 20% range for three consecutive months.

According to the export-import trends for March announced by the Gwangju Main Customs on the 13th, exports from the Gwangju-Jeonnam region amounted to $5.686 billion, an increase of 21.5% compared to the same month last year.

Imports increased by 44.6% to $4.56 billion, and the trade balance recorded a surplus of $1.127 billion.

The total exports and imports combined through the end of March increased by 24.3% and 44.5%, respectively, compared to the same period last year.

The cumulative trade balance this year maintained a surplus of $2.98 billion.

By region, Gwangju's exports increased by 4.4% year-on-year to $1.544 billion, imports rose by 5.0% to $774 million, resulting in a trade surplus of $770 million.

Compared to the previous month's export performance of $1.251 billion, which recorded a 3.8% negative growth, this marks a slight but positive rebound.

By product category, exports increased in semiconductors (40.6%), home appliances (22.2%), machinery (17.4%), and tires (19.4%).

Exports and imports in the Jeonnam region increased by 29.4% and 56.7%, respectively, compared to the same month last year, reaching $4.143 billion and $3.786 billion, with a trade surplus of $357 million.

By product category, there were significant increases in exports of petroleum products (181.1%), chemical products (26.4%), and machinery (116.0%).

The Gwangju Main Customs explained that in March, semiconductors led exports in Gwangju, while chemical products and petroleum products were the key export items in Jeonnam.

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