South Korea Reports Modest Exports Growth in Early June
(MENAFN) South Korea recorded modest export growth in the first 10 days of June, driven by robust global demand for semiconductors and automobiles, according to data released Wednesday by the Korea Customs Service.
Between June 1 and June 10, the country’s outbound shipments reached $15.47 billion, marking a 5.4% increase compared to the same timeframe in 2024.
On a daily average basis, exports climbed sharply—rising 15.0% to $2.81 billion per day over the 10-day stretch.
Shipments of semiconductors surged 22.0%, totaling $3.63 billion, while automotive exports rose 8.4% to $1.30 billion.
Although overseas sales of petroleum products, mobile phones, and home appliances dropped by double digits, gains were seen in exports of ships, computers, and auto parts, all of which rose by double-digit percentages.
On the import side, total inbound shipments jumped 11.5% year-over-year to $17.18 billion during the same period, pushing the trade balance into a $1.71 billion deficit.
Imports of semiconductors, machinery, natural gas, vehicles, and mobile devices all posted double-digit growth, while purchases of crude oil and refined petroleum products declined slightly.
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