Korea's monthly exports surge 68.7% in August on strong chip shipments
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South Korea's exports rose sharply in August thanks to a record for semiconductors. Exports increased by 68.7 percent compared to the same month of the previous year, according to data from the South Korean Department of Commerce on Tuesday. Semiconductor exports even rose by 209 percent over the same period – reaching a record total of 46.7 billion US dollars (40.27 billion euros).
Last month's exports once again neared $100 billion. Monthly semiconductor exports hit an all-time high of $46.7 billion. The Ministry of Trade, Industry and Energy announced on the 1st that August exports totaled $98.25 billion, a 68.7% increase compared to the same month last year. This ranks third in the all-time monthly export rankings. Monthly export figures over the past three months
Korea's monthly exports surge 68.7% in August on strong chip shipments
Korea's monthly exports soared 68.7 percent in August from a year earlier on solid chip shipments, data showed Tuesday. Outbound shipments came to $98.25 billion in August, according to the Ministry of Trade, Industry and Resources. Imports climbed 22.6 percent on-year to $63.51 billion, resulting in a trade surplus of $34.75 billion.
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