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S.Korea's export posts double-digit growth in first 10 days of March

Xinhua News,SEOUL
2020-03-11 14:05

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South Korea's export posted a double-digit growth in the first 10 days of March due to more business days, customs office data showed on Wednesday.

Export, which takes up about half of the South Korean economy, amounted to 13.34 billion U.S. dollars in the March 1-10 period, up 21.9 percent from the same period of last year, according to Korea Customs Service.

The double-digit increase was attributed to more working days. The daily average export shrank 2.5 percent in the period.

Import grew 14.2 percent to 13.3 billion dollars, sending the trade surplus to 40 million dollars in the 10-day period.

Chip export jumped 22 percent, with shipments for oil products, automobiles and telecommunication devices such as smartphones growing in double figures.

Exports to China, the United States, Vietnam, Japan and the Middle East all increased in double digits in the 10-day period.
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