Customs Administration Statistics for Export and Import from September 1st to 20th
Impact of iPhone 16 Drives 74% Increase in Imports
Export Trend Likely to Continue Positively for 12th Consecutive Month,
Containers piled up at Busan Port Shinseondae Pier and Yard on the afternoon of the 11th. News1,
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, ‘After continuing to rise for 11 consecutive months, exports faltered from the 1st to the 20th of this month. This was due to a significant decrease in operational days during the Chuseok holiday. Excluding the holiday effect, daily exports recorded double-digit growth, continuing the upward trend.’,
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, ‘According to the export-import situation announced by the Customs Administration on the 23rd, the mid-month export amount totaled $35.6 billion, 1.1% ($390 million) lower than the same period last year. This decrease was attributed to 2.5 fewer operational days due to the Chuseok holiday, while the daily export amount reached $2.74 billion, marking an 18.0% increase from the previous year. Considering the increasing exports as the month progresses, there is a high possibility that this month will also record a positive export (+) figure, continuing the 12-month export growth trend.’,
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, ‘Even in the middle of this month, the leading export items such as semiconductor exports increased by 26.2%, and computer peripherals exports also surged by 75.6%. However, due to the impact of operational days, exports of major items such as passenger cars (-8.8%), petroleum products (-5.0%), steel products (-9.5%), and automotive parts (-13.3%) decreased.’,
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, ‘By country, exports to China (2.7%), Vietnam (1.2%), and Taiwan (79.8%) increased, while exports to the United States (-5.9%) and the European Union (EU, -15.1%) decreased. With exports totaling $7.73 billion to China, surpassing exports to the United States ($6.173 billion), China maintained its position as the largest export destination.’,
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, ‘The import amount from the 1st to 20th was $34.784 billion, a 4.5% decrease. Imports of crude oil (-14.8%), machinery (-1.4%), and petroleum products (-6.8%) decreased, but due to the release of the iPhone 16 series, wireless communication device imports surged by 73.6%. The trade surplus recorded $799 million. For the same period last month, there was a deficit of $1.458 billion. The monthly trade surplus has continued for 3 years and 1 month.’,
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, ‘Cho Ik-no, Policy Director of the Ministry of Trade, Industry and Energy, stated, “Although exports temporarily decreased slightly due to the lack of operational days during the Chuseok holiday, daily exports recorded double-digit growth,” adding, “Based on the positive trends in leading items such as semiconductors, automobiles, and ships this month, we expect the 12-month consecutive export growth and 16-month consecutive trade surplus trend to continue.”‘
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