South Korea's exports grew 11.2% in early March, driven by 46.5% increase in semiconductor sales.

South Korea's exports grew by 11.2% in the first 20 days of March, driven by strong global demand for semiconductors. In the same period, imports decreased by 6.3%. Semiconductor exports rose 46.5%, accounting for 18.6% of the nation's total exports. This growth momentum can support South Korea's economic growth in 2021, benefiting trade-dependent economies across Asia due to a robust US economy and improving outlooks in Europe.

March 21, 2024
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