Korea’s exports rise 3.8 percent in early January

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Korea’s exports rise 3.8 percent in early January

Shipping containers are stacked at a port in the southeastern city of Busan on Dec.11. [YONHAP]

Shipping containers are stacked at a port in the southeastern city of Busan on Dec.11. [YONHAP]

 
Korea's exports increased 3.8 percent on year in the first 10 days of January, data showed Monday.
 
Outbound shipments reached $16 billion in the Jan. 1-10 period, compared to $15.4 billion tallied a year earlier, according to the data from the Korea Customs Service.
 

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Imports gained 2.6 percent on year to $19 billion during the period, resulting in a trade deficit of $3 billion.
 
Exports of semiconductors surged 23.8 percent on year to $3.18 billion over the cited period, accounting for 32 percent of the country's total exports during the 10-day period, compared to 26 percent a year earlier, the data showed, amid an industry cycle upturn.
 
Auto exports went up 4.7 percent to $1.36 billion, while those of petroleum products plunged 47 percent to $851 million.
 
By nation, shipments to China increased 3.4 percent on year to $3.36 billion, and exports to the United States gained 1.4 percent to $2.67 billion.
 
Outbound shipments to the European Union shed 2.5 percent to $1.62 billion.

Yonhap
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