South Korea's exports surged 86 percent from a year earlier in the first 10 days of June, reaching a new record high driven by strong semiconductor shipments.
South Korea's exports reached 28.6 billion dollars in the June 1-10 period, up from 15.4 billion dollars a year earlier, according to data released by the Korea Customs Service on June 11. The daily average export volume rose 46.1 percent after adjusting for working days. Semiconductor shipments more than tripled to 11 billion dollars and accounted for 38.7 percent of total exports. Imports increased 35.6 percent to 23.4 billion dollars, resulting in a trade surplus of 5.28 billion dollars. Exports to China doubled while shipments to the United States rose 54.4 percent.
