S. Korea’s exports shot up 28.2 pct in first 10 days of Aug.

SEJONG-- South Korea's exports shot up more than 28 percent in the first 10 days of this month from a year earlier on robust overseas demand for semiconductors and ships, customs data showed Friday.

Total outbound shipments reached US$12.4 billion from Aug. 1-10, up 28.2 percent from the same period last year, according to numbers compiled by the Korea Customs Service.

The sharp increase was led by a 52.9 percent on-year surge in exports of semiconductors and a 76.6 percent gain in petrochemical goods.

By country, exports to China rose 19.7 percent over the 10-day period from a year earlier despite Beijing's retaliatory moves against Seoul's plan to deploy a U.S. missile defense system on its soil.

Shipments to Japan jumped 15.8 percent, and those to Vietnam vaulted 41.7 percent on-year.

Exports to the United States also gained 45.8 percent over the cited period.

Meanwhile, imports also advanced 14.5 percent on-year to $14 billion during the same period, with a trade shortfall of $1.6 billion.

Exports of Asia's fourth-largest economy have been on a roll since November last year on the back of recovering world trade and rising oil prices.

Source: Yonhap News Agency

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