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S. KOREA'S EXPORTS EXPECTED TO HIT RECORD HIGH OF $US320BLN.
SEOUL, July 3 Asia Pulse - South Korea's annual exports are expected to reach US$320 billion this year, the highest amount ever, despite the won's strength against the U.S. dollar and high oil and raw material prices, a state-run trade agency's report showed Sunday.
In line with the record growth, South Korea's exports in the second half of the year will likely come to $164.2 billion, up 11.1 per cent annually, the Korea Trade Investment Promotion Agency (KOTRA) said.
The record annual exports will be driven by growing shipments to emerging markets of Brazil, Russia, India, China and other developing nations, it said.
Quality improvements in domestic products will also contribute to the increase, KOTRA said in the report compiled from research on 231 foreign importers of South Korean goods in 30 nations and 203 South Korean companies overseas.
Exports to Brazil, Russia, India and China are likely to rise 35 per cent, 34 per cent, 27 per cent and 16 per cent, respectively, from a year earlier, it said.
Shipments to Japan are expected to increase 10 per cent on ...
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Source: HighBeam Research, S. KOREA'S EXPORTS EXPECTED TO HIT RECORD HIGH OF $US320BLN.