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Latest News:
Foreign Minister Discusses Cooperation, Coordinating Positions with Mauritanian Counterpart
Yemen Moves to Establish National Maritime Security Committee
Deputy Foreign Minister Receives Credentials of Nigeria Ambassador
Prime Minister Celebrates Reissue Official Gazette of Republic of Yemen in Aden
Al-Khanbashi Praises Activities of "Action for Humanity" Organization
S. Korea's exports grows 1.4 percent for the 14th consecutive month
[01/12/2024 12:14]
SEOUL-SABA
South Korea's exports recorded year-on-year growth for the fourteenth consecutive month in November, thanks to the strong performance of the chip sector.
The Ministry of Trade, Industry and Energy said in a statement carried by the Korean news agency (Yonhap) that exports rose 1.4 percent year-on-year to 56.3 billion U.S. dollars last month.
Imports fell 2.4 percent year-on-year to $50.7 billion, resulted in a trade surplus of $5.61 billion, bringing South Korea to a trade surplus for 18 consecutive months.
"In November, exports faced unexpected obstacles, including a strike by auto parts manufacturers that led to a decline in car production and weather conditions that hampered shipments", Industry Minister Ann Duc-Guillon said in a statement.
He added "However, South Korea managed to maintain export growth for 14 consecutive months, in addition to achieving a trade surplus for 18 consecutive months, thanks to the strong performance of key sectors such as semiconductors and ships".
South Korea's exports recorded year-on-year growth for the fourteenth consecutive month in November, thanks to the strong performance of the chip sector.
The Ministry of Trade, Industry and Energy said in a statement carried by the Korean news agency (Yonhap) that exports rose 1.4 percent year-on-year to 56.3 billion U.S. dollars last month.
Imports fell 2.4 percent year-on-year to $50.7 billion, resulted in a trade surplus of $5.61 billion, bringing South Korea to a trade surplus for 18 consecutive months.
"In November, exports faced unexpected obstacles, including a strike by auto parts manufacturers that led to a decline in car production and weather conditions that hampered shipments", Industry Minister Ann Duc-Guillon said in a statement.
He added "However, South Korea managed to maintain export growth for 14 consecutive months, in addition to achieving a trade surplus for 18 consecutive months, thanks to the strong performance of key sectors such as semiconductors and ships".
Key words:
semiconductors - manufacturers - Imports - consecutive - SABA South - performance - unexpected - production - shipments" - conditions -
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