Exports zoom 15% in first 20 days of month of May

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Exports zoom 15% in first 20 days of month of May

Korea’s exports rose 14.8 percent on-year during the first 20 days of May, thanks to brisk shipments of semiconductors and petrochemical goods, customs data showed Monday.

The country’s outbound shipments reached $29.1 billion in the May 1-20 period, according to the data from the Korea Customs Service.

The customs office said that daily average exports, which reflect working days, grew 10.4 percent on-year to $2.24 billion compared to a year earlier. By product, outbound shipments of semiconductors surged 42.8 percent, with those of petrochemical goods rising 19.1 percent. However, ships plunged 33.6 percent.

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