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\nSouth Korea’s exports rose by 11.4 percent year-on-year for the eleventh consecutive month, reaching a value of USD 57.9 billion in August, driven by strong demand for semiconductors, according to data collected by the Ministry of Trade, Industry, and Energy of Korea.<\/p>\n

According to the Korean news agency Yonhap, imports also increased by 6 percent year-on-year to USD 54 billion, resulting in a trade surplus of USD 3.83 billion.<\/p>\n

By sector, semiconductor exports rose by 38.8 percent year-on-year in August to USD 11.9 billion.<\/p>\n

Ship exports surged by 80 percent year-on-year to USD 2.8 billion. Petroleum product exports increased by 1.4 percent to USD 4.5 billion, marking growth for the sixth consecutive month.<\/p>\n

In contrast, automobile exports decreased by 4.3 percent to USD 5.1 billion, due to partial production disruptions caused by facility upgrades and wage negotiations.<\/p>\n

In this regard, Korean Minister of Industry Ahn Duk-gyun stated, “with total exports reaching their highest level in August and continued
\ngrowth in shipments to key trading partners, the country is on track to achieve record exports.<\/p>\n

South Korea’s exports rose by 11.4 percent year-on-year for the eleventh consecutive month, reaching a value of USD 57.9 billion in August, driven by strong demand for semiconductors, according to data collected by the Ministry of Trade, Industry, and…<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-265125","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"\nS. Korea's Exports Rise for 11th Consecutive Month - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/s-koreas-exports-rise-for-11th-consecutive-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S. 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