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South Korea export rises 11.1pc in April

SEOUL (XINHUA) – South Korea’s export rose in double digits in the first 20 days of this month on the back of solid demand for locally-made semiconductors, customs office data showed yesterday.

Outbound shipment expanded 11.1 per cent from a year earlier to USD35.82 billion in the April 1 – 20 period, according to Korea Customs Service.

The daily average export went up 11.1 per cent in the 20-day period. The monthly export kept an upward trend for the sixth consecutive month through March. Import gained 6.1 per cent to USD38.47 billion in the 20-day period, sending the trade deficit to USD2.65 billion.

Semiconductor export soared 43 per cent to USD5.85 billion in the cited period, while those for cars, oil products, computers and home appliances advanced in double figures.

Shipment for steel products, auto parts shrank in single digits, but those for mobile devices and precision machinery gained ground.

Import for semiconductor equipment, automobiles and coal recorded a double-digit reduction in the 20-day period.

File photo of containers piling up at Busan, the largest port in South Korea. PHOTO: AFP