South Korean exports rose 30.7 per cent in the first 10 days of September from a year earlier to $19.5 billion, according to data released by the South Korean Customs Office (Customs) on Monday. The number of working days was 8.5 days, the same as last year. Based on the actual number of working days, the average daily export volume also increased by 30.7% compared with the same period last year.
Exports of iron and steel products (58.1%), petroleum products (131.1%), passenger cars (46.8%), wireless communication equipment (16.5%) and precision instruments (17.5%) all increased, while semiconductor exports decreased by 2.1%.
In terms of export destinations, exports to Chinese mainland (24.5 per cent), the United States (44.8 per cent), the European Union (67.7 per cent), Vietnam (3.8 per cent) and Japan (49 per cent) all increased.
Over the same period, imports rose 60.6 per cent year-on-year to US $21 billion. Of these, imports of crude oil (99.4%), semiconductors (27%), petroleum products (400.9%), natural gas (241.7%), machinery (4.7%), coal (152.4%), semiconductor manufacturing equipment (145.7%) and passenger cars (12.5%) increased, while imports of wireless communication equipment decreased by 4.3%.
In terms of the source of imports, imports from China (41.6%), the United States (73.6%), the European Union (36.5%), Japan (42.9%) and Australia (98.4%) increased, while imports from Vietnam (- 2.8%) decreased.