Korea’s Exports Surge by 23.5% in First 20 Days of February

Seoul: The Republic of Korea's exports expanded 23.5 percent from a year earlier in the first 20 days of this month, data showed Monday. Outbound shipments reached US$43.5 billion in the 1-20 February period, compared with US$35.2 billion recorded during the same period last year, according to figures released by the Korea Customs Service. According to Emirates News Agency, imports increased 11.7 percent on-year to $38.6 billion during the period, resulting in a trade surplus of $4.9 billion, Yonhap News Agency reported. In January, exports expanded 33.9 percent from a year earlier to $65.85 billion on strong demand for semiconductors.