South Korea Notes Continued Strong Export Growth Numbers
Exports from South Korea are set to continue a trend of double-digit growth in November, with early data showing 27.6% year-over-year export growth during the first 20 days of the month, data from Korea's Customs Service showed, according to an…
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unofficial translation. The growth numbers were led by expansion of semiconductor chip and marine goods exports, which grew at 32.5% and 252.2%, respectively. Imports also surged year over year to 41.9%, led by a hike in the costs of crude oil, gas and related goods. The same period for October saw 36.4% year-over-year export growth, indicating a continued high-growth trend for November. Exports to China were up 24.2% and to the U.S., 8.9%.