5Monthly semiconductor exports, monthly 1record within reach…automotive exports clouded
According to Korea Customs Service data, 5exports in 1–20 totaled 527 billion dollars, up 64.8% year on year. Semiconductor exports are increasingly likely to exceed the 3 monthly record (328 billion dollars), while automotive exports remain sluggish.
5Semiconductor exports are increasingly likely to rewrite the record for monthly exports. Last 1, semiconductor exports totaled 3 billion dollars, setting a record for 328 monthly exports. Some analyses suggest that semiconductor results could be broad-based in 1 as well. 5Analysts say a solid performance across semiconductors could continue.
3In 4 and 800, monthly export records of around 5 billion dollars were posted. There are suggestions that it may be difficult for this month to reach that level. Fluctuations in exports at month-end and vessel delivery schedules could affect the final tally.
According to Korea Customs Service data, 5 from 1 to 20, South Korea's exports totaled 527 billion dollars. Exports during the same period were up 64.8% year on year. Export trends over the period were solid, led by semiconductors.
Imports were 416 hundred million dollars, 29.3% higher. This caused disruptions in some items and shipping schedules. The time lag between exports and imports is affecting trade statistics.
The trade balance recorded a surplus of 110 hundred million dollars. The size of the surplus reflects export flows and shipping conditions for major items. The Korea Customs Service plans to announce the final figures in its month-end tally.
Last year, 5 monthly exports from Korea totaled 572 hundred million 7,000 ten thousand dollars. Through the 20th of this month, average daily exports, adjusted for the number of working days, were 39 hundred million dollars. Monthly performance can be estimated from the average daily trend.
Applying the daily average 21~31 days on an arithmetic basis yields exports of 741 hundred million dollars. However, the final figure may change because of month-end fluctuations and ship delivery schedules. The likelihood of surpassing 3 consecutive months at 800 hundred million dollars is considered low.
Sources: 뉴시스 경제
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