According to the Ministry of Knowledge Economy of the Republic of Korea, the statistics on the import and export of September (provisional value from September 1 to 30), the export amount was 45.66 billion U.S. dollars, which was 1.8% lower than the same month of last year, and the import amount was 42.51 billion U.S. dollars. Declined by 6.1% in the same month, with a trade surplus of 3.15 billion U.S. dollars.
As of the end of September, South Korea’s cumulative trade value reached US$798.1 billion, a slight decline of 1.2% over the same period of last year; cumulative export value reached US$408.43 billion, a decline of 1.5% from the same period of last year; cumulative import value reached US$389.67 billion, 0.9% lower than the same period of last year. The accumulated trade surplus reached 18.76 billion U.S. dollars.
Of the 13 major export items in September (tentative values ​​from September 1 to 30), petroleum products, wireless communications equipment, petrochemicals, and automotive components grew by 24%, 10%, 2.4%, and 1.4%.
The remaining items of LCD monitors, home appliances, semiconductors, automobiles, textile products, general machinery, steel products, computers, and ships declined by 0.4%, 0.5%, 3%, 5%, 8.2%, 8.7%, 9.1%, and 18%, respectively. And 50.6%.
The main export areas (temporary values ​​from September 1st to 20th) have increased by 13.7%, 17.8%, 13%, 15.1%, 26%, and 18.5 for China, the United States, the European Union, Asean, the Middle East and Oceania, respectively. %, a decline of 1.7% and 12.2% for Japan and Central and South America.
Imports (tentative value from September 1st to September 20th), the total import of raw materials fell by 9.1% compared with the same period of last year, of which coal imports decreased by 44.3%; overall imports of capital goods increased by 5.2% over the same period of the previous year, among which other integrated Imports of circuit semiconductors increased by 38.8% and freighter imports increased by 132.1%; overall imports of consumer goods increased by 3.9% over the same period of the previous year, of which corn imports increased by 56.6% and other cosmetics increased by 25.9%.
South Korea's Ministry of Knowledge and Economics said that although exports still showed a decline in September compared with the same period of last year, the export decline rate has slowed down sharply from the previous month, and the trade balance has maintained a surplus for eight consecutive months.
The slowdown in exports in September slowed down, mainly due to the export of petroleum products and wireless communications equipment, which had been deteriorating due to seasonal factors in July and August, as compared to the same period last year.
The ministry looks forward to forecast that although exports from the fourth quarter of Korea are still affected due to slow economic recovery in major countries, the effects of measures such as expanding trade finance and supporting export marketing will emerge.
As of the end of September, South Korea’s cumulative trade value reached US$798.1 billion, a slight decline of 1.2% over the same period of last year; cumulative export value reached US$408.43 billion, a decline of 1.5% from the same period of last year; cumulative import value reached US$389.67 billion, 0.9% lower than the same period of last year. The accumulated trade surplus reached 18.76 billion U.S. dollars.
Of the 13 major export items in September (tentative values ​​from September 1 to 30), petroleum products, wireless communications equipment, petrochemicals, and automotive components grew by 24%, 10%, 2.4%, and 1.4%.
The remaining items of LCD monitors, home appliances, semiconductors, automobiles, textile products, general machinery, steel products, computers, and ships declined by 0.4%, 0.5%, 3%, 5%, 8.2%, 8.7%, 9.1%, and 18%, respectively. And 50.6%.
The main export areas (temporary values ​​from September 1st to 20th) have increased by 13.7%, 17.8%, 13%, 15.1%, 26%, and 18.5 for China, the United States, the European Union, Asean, the Middle East and Oceania, respectively. %, a decline of 1.7% and 12.2% for Japan and Central and South America.
Imports (tentative value from September 1st to September 20th), the total import of raw materials fell by 9.1% compared with the same period of last year, of which coal imports decreased by 44.3%; overall imports of capital goods increased by 5.2% over the same period of the previous year, among which other integrated Imports of circuit semiconductors increased by 38.8% and freighter imports increased by 132.1%; overall imports of consumer goods increased by 3.9% over the same period of the previous year, of which corn imports increased by 56.6% and other cosmetics increased by 25.9%.
South Korea's Ministry of Knowledge and Economics said that although exports still showed a decline in September compared with the same period of last year, the export decline rate has slowed down sharply from the previous month, and the trade balance has maintained a surplus for eight consecutive months.
The slowdown in exports in September slowed down, mainly due to the export of petroleum products and wireless communications equipment, which had been deteriorating due to seasonal factors in July and August, as compared to the same period last year.
The ministry looks forward to forecast that although exports from the fourth quarter of Korea are still affected due to slow economic recovery in major countries, the effects of measures such as expanding trade finance and supporting export marketing will emerge.
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