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

Xinhua
12 Jul 2021, 13:19 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.

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