Customs clearance, Export-Import Status from August 1 to 10
Semiconductors up by 42%, Cars up by 64%, Ships up by 253%, ‘[Edaily Reporter Kim Hyung-wook] South Korea continued its export growth trend in August.’,
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, ‘The Customs Agency announced on the 12th that the export value from August 1 to 10 reached $15.47 billion (approximately 21.1 trillion won based on customs clearance), up by 16.7% compared to the same period last year.’,
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, ‘Due to differences in summer vacation periods, the growth rate compared to the previous year was even higher. The number of business days during this period was 8 days (Saturday=0.5 day), 0.5 days fewer than the 8.5 days last year. The daily export amount per business day increased significantly from $1.56 billion last year to $1.93 billion this year, a whopping 24.0% increase. However, as the usual peak vacation period for the manufacturing industry, from late July to early August, was concentrated in July last year and August this year, the actual export growth rate in early August this year is estimated to be in the early 10% range, similar to the previous month.’,
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, ‘The largest export item, semiconductors, exported $3.48 billion during this period, a 42.1% increase from the previous year. Passenger cars ($880 million) and ships ($630 million) also saw increases of 63.9% and 253.0%, respectively, leading the export performance growth. Exports to China increased by 10.7% to $3.2 billion, while exports to the United States increased by 27.7% to $2.46 billion.’,
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, ‘During the same period, the import value increased by 13.4% to $18.41 billion. Due to the widening fluctuation in international oil prices, crude oil imports ($3.28 billion) and gas imports ($1.3 billion) increased by 83.5% and 62.8% respectively compared to the previous year. With the increase in energy imports during this period, the trade balance recorded a deficit of $2.93 billion.’,
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