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South Korea increased exports
South Korea's exports in October amounted to $ 51,76 billion, an increase of 2,5 percent compared to the same period last year, IA Ruskor reported referring to the Ministry of Trade, Industry and Energy.
Import fell by 3 percent to $ 44,26 billion. The trade surplus of the country amounted to $ 7,5 billion compared to a surplus of $ 4,88 billion in October of 2013. In October, the trade surplus was marked 33 for the first time in a row. The third time the country's exports for the month exceeded $ 50 billion, the ministry said in a press release.
“Most of the export items, including ships, computers, semiconductors and metal products, have been boosted by increased shipments to the US and China,” the ministry said. Shipments to the US increased by 25 percent and to China by 3,7 percent.
On the other hand, shipments to Japan fell by 1,4 percent, while exports to the European Union fell by 8,6 percent. By type of product, ship exports increased by 35,1 percent, and shipments of computers increased by 15,3 percent.
Imports of raw materials, including energy, as well as capital products fell by 3,4 and 9, respectively.