September’s energy import cuts and a struggling automobile sector raise concerns over long-term economic sustainability
South Korea recorded an $800 million trade surplus in the first 20 days of September, according to data released by the Korea Customs Service on Monday. Exports for the period totaled $35.6 billion, down 1.1% year-on-year, while imports fell 4.5% to $34.8 billion. Key export drivers included semiconductors, which rose 26.2%, and computer peripherals, up 75.6%. However, automobile and petroleum product exports declined by 8.8% and 5%, respectively.
Imports from key trading partners such as China and the U.S. also fell, with a notable 14.8% drop in crude oil imports.
South Korea recorded an $800 million trade surplus in the first 20 days of September, according to data released by the Korea Customs Service on Monday. Exports for the period totaled $35.6 billion, down 1.1% year-on-year, while imports fell 4.5% to $34.8 billion. Key export drivers included semiconductors, which rose 26.2%, and computer peripherals, up 75.6%. However, automobile and petroleum product exports declined by 8.8% and 5%, respectively.
Imports from key trading partners such as China and the U.S. also fell, with a notable 14.8% drop in crude oil imports.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.