South Korea's exports have jumped 25% so far this year thanks to strong overseas demand for oil-related products and semiconductors, customs data showed Saturday.
South Korea shipped US$27.6 billion worth of products from January 1-20, up from $22.1 billion registered in the same period of last year, according to the data provided by the Korea Customs Service.
The spike followed 2.5% and 6.4% on-year export increases in November and December last year, state news agency (Yonhap) reported.
Oil products led the increase with their exports jumping 86% from a year earlier. Exports of semiconductors also hiked 52.5%, with outbound shipment of steel products going up 19.9% over the cited period.
Exports of ships and wireless communication devices, however, shrank 26.7% and 8.5%, respectively, the data showed.
By region, exports bound for Vietnam surged 62.7%, while those shipped to the European Union, Japan and China expanded 40.3%, 34.7% and 25.6%. Exports bound for the United States also grew 14.9%, according to the data.
GMT 21:24 2017 Thursday ,16 February
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ICT Exports Turn Around in South KoreaMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©