Exports double in first 10 days of October
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South Korea's exports through the 10th of this month recorded an all-time high for the same period in October. The Korea Customs Service announced on the 11th that preliminary figures for the period from the 1st to the 10th showed exports totaling $26.1 billion, a 102.0% increase compared to the same period last year. This marks the highest figure ever recorded for the October 1-10 period. Of this, half
Exports double in first 10 days of October
Korea's exports more than doubled from a year earlier during the first 10 days of October, customs data showed Monday. Outbound shipments reached $26.1 billion in the Oct. 1-10 period, according to the data from the Korea Customs Service. Imports went up 65.5 percent year-on-year to $22.3 billion over the cited period, resulting in a trade surplus of $3.8 billion.
According to the Korea Customs Service, exports in early October doubled compared to the previous year, reaching $26.1 billion. With a surge in exports of semiconductors and passenger cars, the daily average export value based on working days reached an all-time high. Although imports also increased, strong exports resulted in a trade surplus of $3.7 billion.
With strong semiconductor exports continuing into October, both total exports and semiconductor exports hit all-time highs.
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