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Latest News:
Armed Forces Carry Out Operations Against Houthi Positions Along Front Lines
National Defense Council Maintains Permanent Session, Orders Higher Readiness to Deter Houthi Attacks
Foreign Minister Discusses Implications of Recent Escalation by Houthi Terrorist Militia with UN Envoy
Ministry of Health: Two Killed,14 Injured in Preliminary Toll of Houthi Shelling on Residential Neighborhoods, ..
Arab League Condemns Houthi Attacks on Armed Forces Positions
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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