S.Korea's export grows 11.1 pct in 1st 20 days of November

Xinhua
23 Nov 2020, 13:14 GMT+10

SEOUL, Nov. 23 (Xinhua) -- South Korea's export grew in double digits in the first 20 days of this month, raising hope for the recovery in global demand, customs office data showed Monday.

Outbound shipment amounted to 31.3 billion U.S. dollars during the November 1-20 period, up 11.1 percent from the same period of last year, according to Korea Customs Service.

The daily average export increased 7.6 percent in the cited period, indicating a recovering global demand.

The country's export declined from March to August, before rebounding 7.6 percent in September. It went down in October again amid the lingering fallout from the COVID-19 pandemic.

For the first 20 days of November, shipment for semiconductors, automobiles and telecommunication devices, such as smartphone, advanced in double figures compared to a year earlier.

Oil product export tumbled 48.2 percent, and those for consumer electronics and computers slipped in single digits in the 20-day period.

Export to China, South Korea's biggest trading partner, increased 7.2 percent, with those to the United States and the European Union growing in double digits.

Shipment to Japan, the Middle East and Australia went down in the cited period.

Import added 1.3 percent to 28.0 billion dollars, sending the trade surplus to 3.3 billion dollars in the period.

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