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Exports up 14.5% during first 20 days of July

Cargo ships anchored at Busan Port (Yonhap)
Cargo ships anchored at Busan Port (Yonhap)

South Korea's exports rose 14.5 percent in the first 20 days of July from a year earlier, but the country suffered a trade deficit on higher global energy costs, customs data showed Thursday.

The country's outbound shipments stood at $37.25 billion in the July 1-20 period, compared with $32.52 billion a year earlier, according to the data from the Korea Customs Service.

Imports jumped 25.4 percent on-year to $45.35 billion during the cited period, resulting in a trade deficit of $8.12 billion. (Yonhap)

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