South Korea’s exports moved up for the fourth consecutive month in January on the back of the recovery of semiconductor shipments, data showed Thursday.
Outbound shipments advanced 18 percent on-year to US$54.6 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy.
Imports fell 7.8 percent on-year to $54.3 billion last month, resulting in a trade surplus of $300 million.
South Korea’s exports, meanwhile, decreased 7.4 percent on-year in 2023 amid the sluggish performance of chips coupled with global economic uncertainties.
Exports, a key economic growth engine for South Korea, rebounded in October after 13 months of an on-year decline.
Source: Yonhap News Agency