Exports up 2.2% in November's 1st 20 days

Home > Business > Economy

Exports up 2.2% in November's 1st 20 days

Published: 21 Nov. 2023, 10:45

KIM JU-YEON
kim.juyeon2@joongang.co.kr

This picture taken on Nov. 13 shows Busan Port. [NEWS1]

Domestic exports rose 2.2 percent on-year in the first 20 days of this month, data showed Tuesday.

Outbound shipments reached $33.79 billion in the Nov. 1 to Monday period, compared with $33.07 billion tallied a year earlier, according to the Korea Customs Service data.

Exports rose for the first time in 13 months in October. They advanced 5.1 percent on-year to $55 billion, driven by upbeat chip sales in the global market.

The government has expected exports, the country's key economic growth engine, to bottom out and recover and vowed all-out efforts to support exporters.

BY KIM JU-YEON, YONHAP [kim.juyeon2@joongang.co.kr]