S Korea’s exports extend recovery
Bloomberg
South Korea’s early trade data showed that exports this month have continued to rise, as demand for tech products remains resilient amid a global resurgence of COVID-19.
Exports rose 11 percent in the first 20 days of the month from a year earlier, the South Korean Customs Service reported yesterday.
Average daily shipments this month have been similarly increasing, the fastest since 2018, and up from 7.9 percent last month and 6.4 percent in November last year.
Exports to China, the US and the EU all posted double-digit percentage gains during the period.
South Korea’s overall semiconductor shipments increased 12 percent.