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S.Korea's export volume keeps rising for 10 months in June

2021-07-28 11:34

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SEOUL, July 28 (Xinhua) -- South Korea's export volume kept rising for 10 months owing to the continued recovery in global demand, central bank data showed Wednesday.

The export volume index stood at 121.15 in June, up 15.7 percent from a year ago, according to the Bank of Korea (BOK).

The index continued to increase for the 10th consecutive month as the global demand recovered from the COVID-19 pandemic shock.

Export volume for transport equipment and electrical devices surged 68.7 percent and 36.1 percent respectively last month, leading the overall expansion in export volume.

In terms of value, the outbound shipment soared 40.6 percent in June from a year earlier after surging 49.1 percent in the previous month.

It was attributable to higher price for raw materials and solid demand for transport equipment.

The import volume index advanced 11.0 percent in June from a year earlier, keeping an upward trend for the 10th straight month.

The import value index spiked 40.1 percent in June, logging the fastest growth in over 11 years since May 2010.

It came amid the higher price for raw materials. The import value index for coal and oil products more than doubled last month.
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