September exports $ 48.1 billion, 7.7% ↑… Corona exceeded, increase in 7 months



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The Ministry of Commerce, Industry and Energy announced on day 1 that the amount of exports (based on customs clearance) in September was 48.05 billion dollars and the amount of imports was 3.91 thousand million, an increase of 7.7% and 1.1%, respectively, over the same month last year. As a result, the trade balance after imports of exports registered a surplus of $ 8.88 billion.

It is only 7 months since February that monthly exports registered a ‘plus’ increase compared to the previous year, and this is the first time since the infection by the new coronavirus (Corona 19) began in earnest.

Imports were also the first positive after Corona 19, while the trade balance reached the highest level in two years due to relatively strong exports.

However, this must be attributed to the fact that there were more working days than last year. The average daily value of exports, taking into account the number of business days, was $ 2.89 billion, a decrease of 4.0% over the previous year, but even taking this into account, it is encouraging that exports reach $ 40 billion and the average daily average of $ 2 billion. Both monthly exports and average daily exports for September were the highest this year. The decrease in average daily exports was also largely affected by the base effect, when average daily exports (2.18 billion dollars) in September last year reached the highest in 2019. For each item, semiconductors (+ 11.8% ) and household appliances (+ 30.2%) of 15 items. %), secondary battery (+ 21.1%), biohealth (+ 79.3%), IT (+ 66.8%), automobile (+ 23.2%), auto parts (+ 9.4%), machinery in general (+ 0.8%), textile 10 items, including (+ 11.4%) and steel (+ 1.8%), were more. Of these, semiconductors, household appliances, secondary batteries and automobiles registered the highest performance this year, and automobiles, auto parts, machinery in general, textiles, Steel registered a “plus” for the first time since the crown phase. BioHealth and Computers, which are experiencing crown reflex gains, have continued to perform well for over a year.

Furthermore, this month, all “four export markets” including the US, China, the European Union and ASEAN posted positive results. Compared to the same month of the previous year, China increased + 8.2%, the US 23.2%, the EU 15.4% and ASEAN 4.3%.

All four markets posted positive aspects in 23 months, of which ASEAN recovered to positive in 7 months.

(Sejong = News 1)

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