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(KPL/Yonhap) South Korea's exports dropped 1.1% year-on-year in the first 20 days of September, reaching $35.58 billion, largely due to fewer working days and weaker demand for automobiles, according to the Korea Customs Service. In contrast, per-day exports rose 18% to $2.74 billion. Imports fell 4.5% to $34.8 billion, leading to a trade surplus of $800 million.
(KPL/Yonhap) South Korea's exports dropped 1.1% year-on-year in the first 20 days of September, reaching $35.58 billion, largely due to fewer working days and weaker demand for automobiles, according to the Korea Customs Service. In contrast, per-day exports rose 18% to $2.74 billion. Imports fell 4.5% to $34.8 billion, leading to a trade surplus of $800 million.
Semiconductor exports surged 26.2% to $7.48 billion, accounting for 21% of total exports. However, auto exports declined 8.8% to $2.98 billion, and steel exports dropped 9.5% to $2.38 billion. By region, exports to China grew 2.7%, while shipments to the U.S. fell 5.9%. Exports to the EU dropped 15.1%, but shipments to Vietnam rose 1.2%.
The government projects a 9% increase in exports this year, surpassing $700 billion.
KPL
