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S. KOREAN EXPORTS REACH RECORD US$28.2 BLN IN JUNE.
SEOUL, July 3 Asia Pulse - South Korean exports reached a record high of US$28.2 billion in June fueled by strong overseas demand for autos, semiconductors and ships, a government report said Saturday.
The figure represents a 19.2 per cent increase compared to the same month of last year, and reflects the high level of international competitiveness of locally made products, despite unstable exchange rates and steep oil prices, the Ministry of Commerce, Industry and Energy said.
Imports for the month reached US$25.9 billion, up 22.1 per cent from a year ago, with the country's trade surplus standing at just under $2.3 billion.
The figures are a tentative tally of last month's two-way trade volume and could change later.
The latest report also showed the exports rising 13.9 per cent to $155.5 billion for the first six months of the year, while imports climbed 19.3 per cent to reach $148.3 billion, resulting in a surplus of $7.2 billion. The surplus is a sharp drop from the $12.2 billion surplus posted a year ago.
Na Do-sung, head of the ministry's trade policy bureau, said the surge in exports in June, and to a larger extent in the first half, reflected double digit growth in key sectors.
The six-month findings showed autos and auto parts exports rose 14.9 per cent, while those of semiconductors and ships rose ...
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Source: HighBeam Research, S. KOREAN EXPORTS REACH RECORD US$28.2 BLN IN JUNE.