South Koreas exports unexpectedly increased by 7.7percent in September, the first positive growth in seven months

category:Finance
 South Koreas exports unexpectedly increased by 7.7percent in September, the first positive growth in seven months


Segmentation industry

In terms of market segments, South Koreas chip exports increased by 11.8%, automobiles by 23.2% and mechanical products by 0.8%.

The above three are the largest exports of South Korea, accounting for 35% of trade share in 2019. Among them, automobile export is the first positive growth year on year in six months, while machinery export is the first rebound since the epidemic. In addition, South Koreas exports of electronic products increased by 30.2%, battery exports by 21.1%, biomedical products by nearly 80%, and computer exports by 66.8%, thanks to more and more people working at home. For raw material steel products, exports rebounded for the first time in nine months, up 1.8%. By market segmentation, China is the largest exporter of South Korea, and South Koreas export to China increased by 8.2% year on year. In addition, among other major economies, South Koreas exports to the United States increased by 23.2%, to the European Union by 4.3%, and to Japan by 6%. Source: Wall Street news editor: Wang Xiaowu_ NF

The above three are the largest exports of South Korea, accounting for 35% of trade share in 2019. Among them, automobile export is the first positive growth year on year in six months, while machinery export is the first rebound since the epidemic.

In addition, South Koreas exports of electronic products increased by 30.2%, battery exports by 21.1%, biomedical products by nearly 80%, and computer exports by 66.8%, thanks to more and more people working at home.

For raw material steel products, exports rebounded for the first time in nine months, up 1.8%.

Market segmentation

According to the market, China is the largest exporter of South Korea, and South Koreas export to China increased by 8.2% year on year.

In addition, among other major economies, South Koreas exports to the United States increased by 23.2%, to the European Union by 4.3%, and to Japan by 6%.