Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time: Mar 26 2020 8:54AM
S.Korea's export volume posts double-digit growth in February
Text size
SEOUL, March 25 (Xinhua) -- South Korea’s export volume posted a double-digit growth in February due mainly to more business days, central bank data showed Wednesday.

In terms of volume, the outbound shipment expanded 11.4 percent in February from a year earlier, after sliding 3.5 percent in the previous month, according to the Bank of Korea (BOK).

It came as the Lunar New Year’s holiday moved to January this year from February last year, raising the number of working days last month.

Export volume for computer, electronic and optical devices surged 30.5 percent on stronger demand for chips used for data server and electronic devices.

Shipment of transport equipment declined 5 percent as the COVID-19 outbreak across the globe caused production disruption in some of factories.

In terms of value, the export added 3.4 percent in February from a year ago, marking the first rebound in 15 months.

Import volume rose 1.5 percent in the month, and in terms of value, the import inched up 0.1 percent, posting the first turnaround in 10 months.
Related Articles
Chinese garment exporter steps up medical protective suit
Indexes indicate business picking up
Preferential policies to cut tax load of SMEs
Liquidity boost and rate cuts to stir growth
India's central bank announces measures to ensure liquidity amid
China continues production resumption in wake of epidemic
China National Petroleum revenues up 6%
China's outbound investment up 1.8% in first two months
India imposes 14-day quarantine on shipping vessels from COVID-19
85% of leading industrial enterprises resume work in Hubei
Analysis on spandex industry supply and demand
Recent coal-based MEG market overview and outlook
Polyester and downstream market operation and outlook
PTA: Impact of capacity expansion cycle and cost collapse
2020 MEG market outlook and trading risk management
2019 polyester market operation & 2020 forecast