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Exports up 4.6% during first 20 days of OctoberBy Yonhap
Published : Oct. 23, 2023 - 09:18
South Korea's exports rose 4.6 percent on-year in the first 20 days of October on robust shipments of cars and petroleum products, data showed Monday.
The country's outbound shipments reached $33.8 billion in the Oct. 1-20 period, compared with $32.3 billion tallied a year earlier, according to the data from the Korea Customs Service.
Imports rose 0.6 percent on-year to $37.6 billion during the period, resulting in a trade deficit of $3.74 billion.
Exports fell for the 12th month in a row in September on aggressive monetary tightening by major economies and a global economic slowdown, but the country reported a trade surplus for the fourth straight month on falling energy imports.
The government expected a turnaround in exports as early as October as global demand for South Korean semiconductors has shown signs of recovering and has vowed all-out efforts to support exporters. (Yonhap)
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