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S.Korea's export volume rises in November

2021-12-29 15:29

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SEOUL, Dec. 29 (Xinhua) -- South Korea's export volume rose in single digits last month due to strong demand for semiconductors and oil products, central bank data showed Wednesday.

The export volume index gained 5.9 percent from a year earlier to 126.58 in November, marking the second-highest figure since data began to be compiled in 1988, according to the Bank of Korea (BOK).

Export volume for coal and oil products, and electronic and optical devices, including semiconductors, advanced in double figures, offsetting the decline in export volume for primary metal products and chemicals.

The export value index surged 27.1 percent over the year to 140.66 in November, hitting a record monthly high.

In terms of value, the outbound shipment for coal and oil products more than doubled last month on a higher price for global crude oil. The export value for chemical and primary metal products increased over 30 percent.

The import volume index went up 7 percent from a year earlier to 126.54 in November, keeping an upward trend for 15 straight months.

The import value index spiked 42.8 percent to reach a new high of 159.29 in November, continuing to gain for the 12th consecutive month.

Import value for coal and oil products more than doubled in November from a year earlier, with those for primary metal products and farm goods soaring 56.2 percent and 45.2 percent each.
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