July 24, 2021

NEWS AGENCY OF NIGERIA

Africa's Media Giant

S. Korea’s export soars 39.7% in June

Export, which takes up around half of the export-driven economy, amounted to 54.8 billion U.S. dollars in June, up 39.7 per cent from a year earlier.

South Korea’s export soared in double digits in June on the back of the global demand recovery from the COVID-19 pandemic shock, a government report showed Thursday.

Export, which takes up around half of the export-driven economy, amounted to 54.8 billion U.S. dollars in June, up 39.7 per cent from a year earlier, according to the Ministry of Trade, Industry and Energy.

The outbound shipment continued to grow for the eighth consecutive month since November last year, topping 50 billion dollars for four months in a row.

Import jumped 40.7 per cent over the year to 50.36 billion dollars, sending the trade surplus to 4.44 billion dollars. The trade balance stayed in black for 14 straight months.

For the first six months of this year, the export came to 303.24 billion dollars. It was up 26.1 per cent compared to the same period of last year.

Import advanced 24.0 per cent to 285.11 billion dollars in the January-June period. The trade surplus reached 18.13 billion dollars in the six-month period.(Xinhua/NAN)

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