S.Korea's export logs double-digit growth in 1st 10 days of July

Xinhua
12 Jul 2021, 17:49 GMT+10

SEOUL, July 12 (Xinhua) -- South Korea's export logged a double-digit growth in the first 10 days of this month on the back of global demand recovery from the COVID-19 pandemic shock, customs office data showed Monday.

Outbound shipment amounted to 15.08 billion U.S. dollars in the July 1-10 period, up 14.1 percent from the same period of last year, according to the Korea Customs Service.

The export continued to increase since November last year amid the global demand recovery from the pandemic. The daily average shipment jumped 21.2 percent in the 10-day period.

Export for oil products, auto parts, cars, semiconductors and smartphones all expanded in double figures in the 10-day period, but computer shipment posted a double-digit reduction.

Shipment to the United States, the European Union (EU), the Middle East and Japan advanced in double digits, with export to Vietnam and China rising in single figures.

Import soared 33.3 percent over the year to 19.01 billion dollars in the July 1-10 period, sending the trade deficit to 3.93 billion dollars.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.

More Information

30 ℃

Showers in the Vicinity in Seletar

Asia

Section

Senate Committee to grill Attorney General on hurdles in IP gas pipeline project

ISLAMABAD, Pakistan - According to a high-ranking government official who briefed a parliamentary panel on Wednesday, although Pakistan has accelerated ...

Nepali health workers strike demanding protection against attacks, vandalism

KATHMANDU, Nepal - On Thursday, the National Human Rights Commission expressed its grave concern over attacks and mistreatment of medical ...

S. Korea sends signal to north with large military parade

SEOUL, South Korea: Marking a tougher stand against North Korea, South Korea held its first large-scale military parade in over ...

US plans hotline with China to prevent crisis in space

WASHINGTON D.C.: In an interview with Reuters this week, U.S. commander General Chance Saltzman said the United States Space Force ...

Famous Uyghur scholar gets life sentence from court in China

BEIJING, China: A respected Uyghur scholar, known for her extensive work in studying Uyghur folklore and traditions, has been sentenced ...

Coal mine fire in Guizhou province, China, kills 16 people

BEIJING, China: Local authorities said a fire at the Shanjiaoshu coal mine in Guizhou province, southern China, killed 16 people ...

Business

Section