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Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.
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Last Update: ،
2026/03/03
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09:03:10
Latest News:
"MASAM" removes 1765 of Houthis-laid landmines in a week
Minister of Agriculture discusses with FAO agricultural, fishery development projects
Prime Minister receives message from his Maltese counterpart
Prime Minister: Efforts must be redoubled to improve public revenues
Local Administration Minister Discusses WFP Humanitarian Interventions
Latest News:
"MASAM" removes 1765 of Houthis-laid landmines in a week
Minister of Agriculture discusses with FAO agricultural, fishery development projects
Prime Minister receives message from his Maltese counterpart
Prime Minister: Efforts must be redoubled to improve public revenues
Local Administration Minister Discusses WFP Humanitarian Interventions
South Korea exports extend gains to 8th straight month in May
[02/06/2024 02:12]
SEOUL-SABA
South Korea's exports extended on-year gains to the eighth straight month in May on the back of strong shipments of semiconductors, data showed Saturday.
South Korean News Agency (Yonhap) reported that outbound shipments rose 11.7 percent on-year to US$58.1 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy.
Imports shed 2 percent on-year to $53.1 billion last month, resulting in a trade surplus of $4.96 billion. South Korea has been maintaining a trade surplus for 12 consecutive months.
It was also the highest trade surplus in 41 months.
The growth came amid the rising global demand for automotive chips, along with premium memory chips, the ministry said, according to Yonhap.
South Korea's exports extended on-year gains to the eighth straight month in May on the back of strong shipments of semiconductors, data showed Saturday.
South Korean News Agency (Yonhap) reported that outbound shipments rose 11.7 percent on-year to US$58.1 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy.
Imports shed 2 percent on-year to $53.1 billion last month, resulting in a trade surplus of $4.96 billion. South Korea has been maintaining a trade surplus for 12 consecutive months.
It was also the highest trade surplus in 41 months.
The growth came amid the rising global demand for automotive chips, along with premium memory chips, the ministry said, according to Yonhap.
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