[South Korea] Exports Rise 29.3% In First 10 Days Of November



Yonhap | The Korea Herald

South Korea’s exports grew 29.3 percent on-year in the first 10 days of November on the back of solid demand for chips and petroleum products, customs data showed Thursday.

The country’s outbound shipments stood at $18.3 billion in the Nov. 1-10 period, compared with $14.1 billion a year earlier, according to the data from the Korea Customs Service.

Imports jumped 59 percent on-year to $21.2 billion, resulting in a trade deficit of $2.98 billion during the cited period, the data showed.

By sector, outbound shipments of memory chips, a key export item, rose 45.3 percent on-year in the cited period.

To read the full article by The Korea Herald, please click here.