ANI
11 Jun 2025, 12:42 GMT+10
New Delhi [India], June 11 (ANI): South Korea's exports witnessed a robust recovery in the first 10 days of June, climbing 5.4 percent year-on-year, according to the data released by the Korea Customs Service on Wednesday. According to a report in the Korea Herald, this uptick marks a significant shift from May's decline and is largely attributed to strong global demand for semiconductors and automobiles.During the June 1-10 period, outbound shipments totalled USD 15.47 billion, a notable increase from USD 14.68 billion recorded a year earlier. The daily average volume of exports saw an even sharper rise, jumping 15 per cent on-year, despite fewer working days (5.5 days compared to 6 days last year).Semiconductors emerged as a key growth driver, with exports surging 22 per cent to USD 3.62 billion, accounting for a substantial 23.5 per cent of the nation's total outbound shipments. The automotive sector also contributed significantly, with shipments rising 8.4 per cent to USD 1.3 billion. Shipbuilding experienced an impressive boom, skyrocketing 23.4 per cent to USD 896 million.However, not all sectors shared in the growth, sales of petroleum products saw a decline of 20.5 per cent, falling to USD 1.11 billion.In terms of destinations, exports to China, South Korea's top trading partner, increased by 2.9 per cent to USD 3.06 billion. Shipments to the European Union spiked by 14.5 per cent to USD 1.5 billion, while exports to the United States also saw a modest rise of 3.9 per cent, reaching USD 2.95 billion.Despite the positive start to June, the country remains cautious. An official from the customs agency noted that it 'remains to be seen whether the upward trend in monthly exports will continue.' This comes after a 1.3 percent drop in May's exports, which snapped a three-month winning streak, partly due to US President Donald Trump's tariff measures impacting shipments to the United States. The strong performance in early June provides a hopeful sign for the nation's trade outlook amidst evolving global economic conditions. (ANI)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationMELBOURNE, Australia: A second embryo mix-up in just two months has pushed one of Australia's largest IVF providers back into the spotlight,...
WASHINGTON, D.C. A public fight between U.S. President Donald Trump and billionaire Elon Musk has taken over social media, especially...
DERA BAJWA, Pakistan: Amir Ali, a 21-year-old man from Pakistan, dreamed of going to Europe for a better life. He was promised a visa...
TOKYO, Japan: Japan's hopes for a foothold in commercial lunar exploration suffered a second blow this week after Tokyo-based startup...
MOSCOW, Russia: Russia's principal security agency, the Federal Security Service (FSB), has accused British intelligence of using the...
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
CHANDRAPUR/SOLAPUR (India): As India doubles down on coal to fuel its growing energy needs, an invisible crisis is surfacing: the country...
ISLAMABAD, Pakistan: Pakistan's army said on June 4 that its security forces raided a militant hideout and killed 14 insurgents during...
New Delhi [India], June 11 (ANI): South Korea's exports witnessed a robust recovery in the first 10 days of June, climbing 5.4 percent...
Puri (Odisha) [India], June 11 (ANI): On the auspicious occasion of Snana Purnima, Chief Minister of Odisha Mohan Charan Majhi on Wednesday...
New Delhi [India], June 11 (ANI): Congress MP and Leader of Opposition in the Lok Sabha Rahul Gandh has written to Prime Minister Narendra...
New Delhi [India], June 11 (ANI): Mukesh Kumar, an ahlmad (record keeper) at Rouse Avenue Court, who is facing allegations of demanding...
