Exports grow for 9th month on chips, autos
By Kang Yoon-seung
SEOUL, Aug. 1 (Yonhap) -- South Korea's exports jumped 29.6 percent on-year in July to extend their gains to a ninth consecutive month as the global economy maintained a recovery, leading to robust demand for chips and cars, data showed Sunday.
Outbound shipments came to US$55.4 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy.
Imports climbed 38.2 percent to $53.6 billion, resulting in a trade surplus of $1.76. It marked the 15th consecutive month for the country to post a trade surplus.
The July exports came in line with what the market had been expecting.
According to a poll by Yonhap Infomax, the financial arm of Yonhap News Agency, the country's July exports were expected to have risen 29.4 percent on-year.
Last week, the central bank said South Korea's economy grew 0.7 percent on-quarter in the April-June period, after a 1.7 percent expansion in the first quarter.
The bank said South Korea is also on track for a 4 percent expansion this year on the back of the strong recovery of domestic demand and robust exports.
colin@yna.co.kr
(END)
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
Ateez member Yunho throws first pitch at MLB match between Dodgers, Mets
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
S. Korea supports resolution backing U.N. membership of Palestine
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
Experts see possibility of N.K. conducting nuclear test before U.S. presidential vote
-
Details of meeting between Yoon, opposition leader undecided: presidential office
-
U.S. will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
-
(LEAD) Hybe to file complaint against sublabel executives over internal conflict
-
S. Korea reports highest suicide rate, ultra fine dust level among OECD nations: data
-
U.S. sent ATACMS missiles to Ukraine following Russia's use of N.K. missiles: White House
-
Looming weekly closure of major hospitals feared to worsen medical service crisis