Exports of key products forecast to grow 12% in 2021: biz body | This file photo, taken June 4, 2020, shows stacks of import-export cargo containers at South Korea's largest seaport in Busan, 450 kilometers southeast of Seoul. (Yonhap) Exports of South Korea's key industries are expected to grow nearly 12 percent in 2021 thanks to economic rebounds in major economies, a business body said Tuesday. The Korea Industry Alliance Forum (KIAF) projected overseas shipments of chips, automobiles and nine other major business sectors to expand 11.9 percent on-year to $422.2 billion next year. Annualized growth forecasts are 14 percent for ships, 10.3 percent for automobiles, 6.4 percent for machinery and 3.9 percent for electronics.