South Korea October 1-20 Exports Surge 105% on Record Chip Sales
Record semiconductor sales drove the surge, with chips rising 222.5% and accounting for 44.7% of total exports, customs data showed.
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South Korea October 1-20 exports surge 105% on record chip sales
Exports from October 1 to 20 recorded $61.6 billion, reaching an all-time high for the same period. This was driven by a 222.5% surge in semiconductor exports, as well as a record-high daily average export value that accounts for the number of working days. According to the ‘Export and Import Status for October 1–20 (Provisional)’ released by the Korea Customs Service on the 21st, exports during this period totaled $61.6 billion, an increase of …
Exports double in 1st 20 days of October
Korea's exports more than doubled during the first 20 days of October, customs data showed Wednesday. Outbound shipments reached $61.6 billion in the Oct. 1-20 period, according to the data from the Korea Customs Service. Imports went up 42.8 percent on-year to $47.1 billion over the cited period, resulting in a trade surplus of $14.5 billion.
South Korea's exports from October 1 to 20 recorded an all-time high for the same period in October. The average daily export value was also recorded at a record high. The Korea Customs Service announced on the 21st that, based on preliminary figures for imports and exports from the 1st to the 20th of this month, exports totaled $61.6 billion, a 105.4% increase compared to the same period last year.
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