South Korea’s exports moved up for the sixth consecutive month in March on the back of the robust performance of chips, data showed Monday.
Outbound shipments gained 3.1 percent on-year to US$56.5 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy.
Imports decreased 12.3 percent on-year to $52.2 billion last month, resulting in a trade surplus of $4.28 billion.
Exports, a key economic growth engine for South Korea, rebounded in October after 13 months of an on-year decline. Outbound shipments decreased 7.4 percent on-year in 2023 amid the sluggish performance of chips coupled with global economic uncertainties.
Source: Yonhap News Agency