Exports Accelerate in First 10 Days of September

SEOUL, KOREA- Since early September, exports are rising at an accelerating pace. According to the Ministry of Strategy and Finance and the Korea Customs Service on September 18, Korea's exports during the first ten days of the month have been US$13,324 million, up 14.5 percent from the same period last year.During the same ten days, imports were $14,643 million, 1.8 percent higher than a year ago.

Given the rising export trend and the usual spike at the end of the month, it is highly likely that September will be another month of trade surplus, continuing the rally for 19 consecutive months. From the first day of January to September 10, the cumulative export and import amounts were $382.1 billion and $356.0 billion, respectively, up 2.1 percent and down 1.5 percent from the same period in 2012.

A Ministry of Strategy and Finance official said, "The industries leading the pack are still automobiles, ships, semiconductors, and wireless devices. By export destination, North America, China, and Southeast Asia see their export growth rates rise by a large margin."

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