Exports increase 8.5 pct from June 1-20 on strong chip sales

Exports rose 8.5 percent on-year in the first 20 days of June on strong global demand for semiconductors, data showed Friday.

Outbound shipments reached US$35.75 billion in the June 1-20 period, compared with $32.94 billion tallied a year earlier, according to the data from the Korea Customs Service.

Per-day exports also advanced 8.5 percent on-year to $2.47 billion.

Imports inched down 0.6 percent on-year to $34.2 billion during the cited period, resulting in a trade surplus of $1.5 billion.

Exports, a key economic growth engine, rose 11.7 percent on-year to $58.1 billion in May on the back of strong shipments of semiconductors, extending on-year gains to the eighth straight month.

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