March 25, 2019

Korea’s exports up 6% in March

PUBLISHED : April 16, 2018 - 13:57

UPDATED : April 16, 2018 - 13:57

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Korea’s exports rose 6.1 percent in March from a year earlier, largely thanks to strong demand for semiconductors and petrochemical goods, the customs office said on April 16.

The country’s outbound shipments were tallied at US$51.6 billion in March, compared with US$44.6 billion a year earlier, according to the Korea Customs Service.

The March tally marks the 17th straight month that the country’s monthly exports increased.

Imports rose 5.2 percent over the cited period to US$44.8 billion, resulting in a trade surplus of US$6.8 billion, it added.

Chip exports surged 43.9 percent in March from a year earlier, providing a big boost to last month‘s export growth. Shipments of petrochemical goods advanced 1.1 percent, but those for automobile and ships dropped 8.1 percent and 30.9 percent, respectively.

Shipments to China advanced 16.6 percent, but those to the United States, the second-largest overseas market for locally made goods, fell 1 percent. Exports to Vietnam also sank 3.3 percent over the cited period, the office said.

By Song Seung-hyun and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099