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| ▲ Containers are stacked up at a quay in the southeastern port city of Busan, in this file photo taken Feb. 1, 2023. (Yonhap) |
exports-February
Exports up 12 pct during first 10 days of Feb.
By Kang Yoon-seung
SEOUL, Feb. 13 (Yonhap) -- South Korea's exports increased 11.9 percent on-year in the first 10 days of February, data showed Monday, on the back of robust shipments of automobiles.
The country's outbound shipments stood at US$17.6 billion in the Feb. 1-10 period, compared with $15.7 billion a year earlier, according to the data from the Korea Customs Service.
Imports gained 16.9 percent on-year to $22.6 billion during the cited period, resulting in a trade deficit of $4.9 billion.
Outbound shipments of automobiles more than doubled over the period to reach $1.74 billion, the data showed.
In January, outbound shipments fell 16.6 percent on-year to reach $46.27 billion, following a 9.5 percent on-year fall the previous month. The country's exports fell for the fourth consecutive month in January for the first time since 2020.
The country also reported an all-time monthly high trade deficit of $12.69 billion in January, far higher than the previous record of $9.44 billion set in August last year.
It has suffered a trade deficit for 11 straight months.
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