Xinhua, Seoul :
South Korea’s exports posted a double-digit growth for the first 10 days of this month, rebounding from the first fall in 18 months tallied in the previous month, customs data showed Friday.
Exports, which account for about half of the export-driven economy, reached 13.9 billion U.S. dollars in the May 1-10 period, up 44.2 percent from the same period of last year, according to the Korea Customs Service.
It was a turnaround from a 1.5 percent decline in April, the first reduction in 18 months. Despite the fall, the April exports topped 50 billion dollars.
The daily average exports amounted to 2.32 billion dollars during the May 1-10 period, up 8.2 percent from a year earlier.
During the cited period, semiconductor exports surged 63.3 percent, leading the overall export growth. Automobile exports almost tripled, but those for display panels and ships logged a double-digit reduction.
Exports to China and the United States, South Korea’s top two trading partners, increased by a double digit in the same period, with those to the European Union (EU) and Japan also registering a double-digit increase.
Imports advanced 23.3 percent over the year to 14.1 billion dollars for the first 10 days of May, sending the trade surplus to 176 million dollars.
South Korea’s exports posted a double-digit growth for the first 10 days of this month, rebounding from the first fall in 18 months tallied in the previous month, customs data showed Friday.
Exports, which account for about half of the export-driven economy, reached 13.9 billion U.S. dollars in the May 1-10 period, up 44.2 percent from the same period of last year, according to the Korea Customs Service.
It was a turnaround from a 1.5 percent decline in April, the first reduction in 18 months. Despite the fall, the April exports topped 50 billion dollars.
The daily average exports amounted to 2.32 billion dollars during the May 1-10 period, up 8.2 percent from a year earlier.
During the cited period, semiconductor exports surged 63.3 percent, leading the overall export growth. Automobile exports almost tripled, but those for display panels and ships logged a double-digit reduction.
Exports to China and the United States, South Korea’s top two trading partners, increased by a double digit in the same period, with those to the European Union (EU) and Japan also registering a double-digit increase.
Imports advanced 23.3 percent over the year to 14.1 billion dollars for the first 10 days of May, sending the trade surplus to 176 million dollars.
