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◀ Anchor ▶
Korea’s exports decreased after a month due to the number of business days.
However, average daily exports turned positive after nine months, which generated expectations of economic recovery.
This is reporter Jeong Jin-wook.
◀ Report ▶
Exports in October were -3.6% compared to the same period last year, and Korea’s exports were down again within a month.
Monthly exports continued to decline for 6 consecutive months from March to August due to the aftermath of Corona 19, and then rose again by 7.6% in September, but after a month, they were negative again.
However, the Ministry of Industry explained that the decline in exports was largely due to the fact that the number of working days decreased by two days compared to the previous year.
Average daily export, excluding the number of business days, increased by 5.6% and rebounded positively after nine months.
In particular, average daily exports of semiconductors and automobiles reached record levels this year. In fact, 7 items, more than half of the top 15 industries in Korea, show an increase in exports.
In addition, exports of 7 new export growth drivers such as biological health and secondary batteries also increased.
On the other hand, oil and chemicals were kept dormant due to low oil prices.
By country, exports to the United States and the European Union increased, but China, the largest export market, registered -5.7% year-on-year.
This is Jung Jin-wook, MBC News.
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