Off the wire
• "Halal snack pack" named Australia's 'People's Choice Word of the Year'  • Myanmar state counselor urges majority to protect rights of minorities  • China's January PMI slightly down to 51.3  • Australian state to build high-security juvenile prison amidst youth crime crisis  • Urgent: Trump picks Neil Gorsuch as nominee for U.S. Supreme Court  • Tokyo stocks drop from the bell as yen's rise hurts exporters, broader market  • Mexican, U.S. football teams to play protest tourney against border wall  • Dollar changes hands in upper 112 yen range in early deals in Tokyo  • Australian state to enforce penalties for smoking  • Ajax sign David Neres from Sao Paulo, sell El Ghazi to French side Lille  
You are here: 　 Home

S. Korea's exports rise 11.2 pct in January

Xinhua, February 1, 2017 Adjust font size:

South Korea's exports rose 11.2 percent in January from a year earlier, posting a double-digit growth for the first time in four years, a government report showed on Wednesday.

Exports, which account for about half of the export-driven economy, reached 40.3 billion U.S. dollars in January, up 11.2 percent from the same month of last year, according to the Ministry of Trade, Industry and Energy.

It was the first double-digit monthly increase since January 2013, maintaining an upward momentum for the third consecutive month.

The export expansion was led by semiconductor exports, which reached the country's monthly high of 6.4 billion dollars. Petrochemical product shipments amounted to 3.5 billion dollars, the biggest since December 2014.

Exports to China, South Korea's largest trading partner, jumped 13.5 percent in January, logging the first double-digit growth in almost three and a half years.

Imports advanced 18.6 percent from a year earlier to 37.1 billion dollars in January, sending the trade surplus to 3.2 billion dollars. The trade balance stayed in black for 60 months in a row. Endit