The Korea Herald

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Korea’s exports up 16% in first 10 days of Aug.

By 박윤아

Published : Aug. 11, 2016 - 11:27

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[THE INVESTOR] South Korea’s exports expanded more 16.4 percent in the first 10 days of the month, customs data showed on Aug. 11.

Outbound shipments totaled US$9.7 billion from Aug. 1-10, according to the Korea Customs Service.

Exports of semiconductors jumped 18.8 percent on-year and those of automobile components soared 41.3 percent over the cited period.

The on-year increase is largely derived by more working days than the previous year, as this year has 8.5 business days, 1.5 days more than a year earlier.

Without such effect, the latest 10-day figure virtually represents a 4.2 percent on-year fall, raising concerns that the monthly exports will post negative growth again in August, extending its losing streak to 20 straight months.

(theinvestor@heraldcorp.com)