S.Korea's export hits record high in September

Source: Xinhua| 2021-10-01 11:48:09|Editor: huaxia
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SEOUL, Oct. 1 (Xinhua) -- South Korea's export hit a new record high in September thanks to the continued recovery in global demand from the COVID-19 pandemic, a government report showed Friday.

Export, which accounts for about half of the export-driven economy in the Asian country, reached 55.83 billion U.S. dollars in September, up 16.7 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.

It marked the highest monthly export value since relevant data began to be compiled in 1956, topping the previous high of 55.48 billion dollars tallied in July.

The outbound shipment has continued to rise for 11 straight months since November last year while keeping a double-digit increase for the seventh consecutive month.

The outbound shipment surpassed 50 billion dollars for the seventh consecutive month since March as the global demand continued to recover from the pandemic shock.

During the July-September quarter, the country's export logged a new quarterly high of 164.5 billion dollars, compared to the prior high of 156.8 billion dollars tallied in the second quarter of this year.

For the first nine months of this year, the South Korean export posted a new high of 467.7 billion dollars.

Import jumped 31.0 percent from a year earlier to 51.62 billion dollars in September, sending the trade surplus to 4.2 billion dollars. The trade balance in South Korea has stayed in black for 17 months in a row. Enditem

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