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S. Korea's exports dip 3.4 pct in first 10 days of March

기사승인 2018.03.12  11:59:59

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South Korea's exports fell 3.4 percent on-year during the first 10 days of March due to fewer working days, customs data showed Monday.

The country's outbound shipments reached US$13.7 billion in the March 1-10 period, according to the data from the Korea Customs Service.

The customs office, however, said that daily average exports, which reflect working days, actually grew 3.5 percent on-year to $1.95 billion compared to a year earlier.

"Despite the dip in numbers, export growth is being maintained," a government official said.

The country's exports have been growing since November 2016.

By product, outbound shipments of semiconductors surged 41.4 percent, with petrochemical and mobile communication equipment rising 3.4 percent and 19.9 percent each.

On the other hand, autos and ships saw their shipments decline 9.6 percent and 9.3 percent, respectively.

Exports to the European Union shot up 26.6 percent on-year, with numbers for the United States and China also rising 4.1 percent and 4.2 percent over the cited period.

Imports fell 11.2 percent to some $13.7 billion, resulting in a trade surplus of around $15 million, the data showed.

Kim Sua edt@koreapost.com

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