Key Points:
- South Korean exports surged by 44.4% in the first ten days of February.
- Outbound shipments reached $21.39 billion during this period.
- Imports also saw a significant rise, growing by 21.1% year-on-year.
- The country achieved a trade surplus of $64 million.
South Korea’s economy kicked off February with a bang. The country’s exports jumped by a remarkable 44.4% in the first ten days of the month compared to the same period last year. This surge signals robust demand for South Korean products on the global market.
Outbound shipments during February 1-10 reached an impressive $21.39 billion. This marks a substantial increase from the $14.81 billion recorded during the same ten days a year ago. The strong performance highlights the nation’s continued strength in international trade.
The good news wasn’t limited to exports. Imports also saw healthy growth, climbing by 21.1% year-on-year. South Korea brought in goods valued at $20.74 billion during the early February period.
When combining both figures, the country achieved a trade surplus of $64 million. This indicates that South Korea sold slightly more to other countries than it bought, contributing positively to its economic balance.
The Korea Customs Service released these preliminary figures on Wednesday. The data provides an early snapshot of the country’s economic health and suggests a very strong start to the month for South Korea’s export-driven economy.
