Exports up 56 % in First 20 Days of Aug. on Robust Chip Shipments
Semiconductor shipments soared 198.8% and computer-related exports jumped 242.1%, strengthening expectations that the Bank of Korea will raise rates again.
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6 Articles
Korea Early Exports Extend Gains, Supporting Rate Hike Case
(Sejong = Yonhap News) Reporter Ahn Chae-won = Exports in the middle of this month also increased by more than 50% compared to the same period last year, driven by strong semiconductor exports.
Exports up 56 % in first 20 days of Aug. on robust chip shipments
Korea's exports surged 56 percent from a year earlier over the first 20 days of August, customs data showed Friday, with shipments of semiconductors reaching a fresh high. Outbound shipments reached $55.2 billion in the Aug. 1-20 period, according to data from the Korea Customs Service. It was the highest level for the 20-day period for any August. Imports went up 19 percent on-year to $41.2 billion over the cited period, resulting in a trade su…
Exports from August 1 to 20 recorded $52.2 billion, the highest figure ever for that period. Semiconductor exports drove the overall performance, showing a growth rate of nearly 200%. According to the "Import and Export Status for August 1–20 (Preliminary)" released by the Korea Customs Service on the 21st, exports during this period totaled $52.2 billion, a 56% increase compared to a year ago. The growth in semiconductor exports was particularl…
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