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According to the ‘Dynamics of import and export of October’ published by the Ministry of Commerce, Industry and Energy on the 1st, last month’s exports were $ 4.98 billion, 3.6% less than in the same month last year . This is analyzed by the influence of the number of working days, which decreased by 2 days compared to the same month last year.
Average daily exports increased 5.6% year-on-year, registering a positive in 9 months. This year, average daily exports registered 4.2% in January, followed by -12.5% in February, when the Corona 19 spread began, followed by -7.5% in March, -18.8% in April, -18.4% in May , -18.4% in June, and 7. The negative trend continued at -7.1% in the month, -4.1% in August and -4.1% in September.
October import and export performance. Data / Ministry of Commerce, Industry and Energy, Korea Customs Service
The average daily rate of increase and decrease of 5.6% is the highest rate of increase in the two years since October 2018. In particular, the average daily increase was only three times in the last two years, including 3.6% in November. of 2018 and 4.2% in January.
The average daily export amount was $ 2.14 billion, reaching the level of $ 2.1 billion in 13 months.
Regarding export items, semiconductor exports, the largest export product, continued positive for the fourth consecutive month. It also surpassed the $ 8 billion mark for three consecutive months and posted the highest level this year in terms of average daily exports.
Automobiles also continued to rise for the second month in a row, surpassing the $ 4 billion mark for the first time in three years since November 2017. Also, average daily exports were the highest this year.
BioHealth’s annual exports exceeded $ 10 billion for the first time due to the robust corona diagnostic kit19. The screen also posted its first plus in 26 months.
On the other hand, oil and petrochemical products continued slowly due to low oil prices.
By region, the top four markets, including China, the US, Europe and ASEAN, posted positive 25-month daily averages. China 3.2%, US 13.1%, EU 19.9%, ASEAN 3.2%, etc.
Last month’s revenue was $ 39 billion, 5.8% less than the previous year. The trade balance was $ 5.98 billion, registering a surplus for the sixth consecutive month.
According to the ‘October Import and Export Trends’ published by the Ministry of Commerce, Industry and Energy on day 1, the average daily exports of the last month increased by 5.6% compared to the same month of the previous year to $ 2,140 million, a positive rebound in nine months since last January. The photo shows vehicles awaiting delivery in the yard of the Hyundai Motor Ulsan factory in Buk-gu, Ulsan. Photo / Newsis
Sejong = Reporter Jeong Seong-wook [email protected]
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