S. Korea's exports grows 1.4 percent for the 14th consecutive month

Transport Minister discusses with Economic Advisor to UN Envoy economic situations, navigation traffic

The Minister of Transport Dr. Abdulsalam Humaid discussed today, Thursday, in the temporary capital Aden, with the Economic Advisor of the Office of the UN Envoy to Yemen Reddick Metzger and his accompanying delegation the economic and humanitarian situation, as well as the movement of air, sea and land transport.

Israeli Occupation Forces Arrest 4 Palestinians in Ramallah

Israeli occupation forces arrested four Palestinians in Ramallah province today, Thursday, after raiding their homes.

Oil declines amid concerns of possible oversupply

Oil prices fell today, Tuesday, as investors weigh the OPEC+ alliance's decision to suspend production increases during the first quarter of next year, amid ongoing concerns about a potential surplus in global supply.

Paris Saint-Germain defeats Nice, underpins their lead in French Ligue 1

Paris Saint-Germain strengthened its lead in the French Ligue 1, after defeating its guest Nice 1-0 in a match held as part of the eleventh round of the French Ligue 1.

Last Update: ، 2025/11/07 Time 05:04:25
Latest News:

Minister al-Soqatri discusses with FAO joint cooperation

Leadership Council Member Tariq Saleh meets with Syrian President

Presidential Leadership Council Member Tariq Saleh arrives in Brazil to join Climate Summit

Deputy Minister of Planning Discusses Food Insecurity and Malnutrition with UN Agencies

Vice FM Praises Germany's Political and Developmental Support

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".