March exports increased by 166, topping $ 50 billion … Best of all time for March

Last month, Korea’s exports rose to double digits, increasing for five consecutive months.

Exports topped $ 50 billion for the first time this year, the highest level in March.

The Ministry of Commerce, Industry and Energy announced on March 1 that March exports reached 53.8 billion dollars, an increase of 16.6% over the same period last year.

This growth rate is the highest in 2 years and 5 months, and exports have increased for 5 consecutive months in 3 years.

The monthly growth rate of exports went from -3.9% in October of last year to 3.9% in November, followed by 12.4% in December, 11.4% in January of this year and 9.5 % in February.

Last month’s exports ranked third among all-time monthly exports and first among all-time March exports.

The average daily value of exports ($ 2.24 billion), taking into account the number of business days, also increased by 16.6%, the highest in March.

Of the top 15 export items in Korea, 14 items increased and most items were advertised evenly.

Of these, nine articles showed a double-digit rate of increase.

Intermediate goods such as machinery in general (6.9%), petrochemicals (48.5%), petroleum derivatives (18.3%), textiles (9.4%) and steel (12.8%) gave a great jump.

In particular, petrochemical exports worth $ 4.75 billion last month recorded the highest monthly exports in history.

High-yield stocks such as semiconductors, automobiles and biohealth also continued to perform strongly.

Semiconductor exports worth $ 9.51 billion last month hit the highest level in two years and four months.

Auto exports amounted to $ 4.4 billion, the highest in 4 years and 3 months.

By region, exports to the four markets increased: China (26.0%), USA (9.2%), EU (36.6%) and Asia (10.8%).

In particular, exports to the European Union (EU) ranked first and exports to the United States ranked second.

Last month’s imports rose 18.8% to $ 49.65 billion.

As a result, the trade balance was $ 4.17 billion, a surplus for 11 consecutive months.

/ yunhap news