SEOUL, 11th April, 2024 (WAM) -- The Republic of Korea's exports rose 21.6 percent year-on-year in the first 10 days of April on robust global demand for semiconductors, data showed Thursday.
Yonhap News Agency reported data from the Korea Customs Service saying outbound shipments reached US$16.44 billion in the 1st-10th April period, compared with $13.52 billion tallied a year earlier.
Per-day exports advanced 13.5 percent year-on-year to $2.19 billion.
Imports grew 5.8 percent year-on-year to $18.4 billion during that period, resulting in a trade deficit of $2 billion.
Exports, a key economic growth engine, have been on a solid recovery track since late last year after a yearlong downturn.
In March, exports advanced 3.1 percent on-year to $52.2 billion, the sixth consecutive monthly gain, on the back of strong demand for semiconductors.