Shulou(Shulou.com)12/24 Report--

CTOnews.com, December 3 (Xinhua)-- after 15 months of decline, South Korea's semiconductor exports reached $9.5 billion in November, up 12.9% from a year earlier, according to the Ministry of Trade, Industry and Energy.

South Korean exports rose 7.8 per cent year-on-year to $55.8 billion last month, while imports fell 11.6 per cent to $52 billion, leading to a trade surplus of about $3.8 billion, according to the data.

In fact, South Korea's exports have been at a relatively low level so far this year, but last month saw the biggest increase so far this year, and has achieved positive growth for two consecutive months; at the same time, the trade surplus also recorded the best performance in 26 months, the sixth month in a row.

In addition to chips, South Korean car exports also increased in November from a year earlier, reaching US $6.53 billion, an increase of 21.5%, and the 17th consecutive month of year-on-year growth.

Chips and cars are South Korea's important exports, especially chips, which account for about 20% of their overall exports. An increase in exports of such products compared with the same period last year will boost South Korea's overall export situation.

It is said that the proportion of South Korean semiconductor exports reached more than 20% a month for the first time in October 2017, but it is also because of this that South Korean exports have been in a state of decline, and semiconductor exports also turned negative in the third quarter of last year. Therefore, South Koreans "blame" as the "culprit" leading to the export downturn.

Regionally, exports from six of South Korea's nine major export markets have increased, with China, the largest export market, reaching US $11.4 billion (CTOnews.com Note: currently about 81.396 billion yuan), the highest level this year, but still down 0.2 per cent from a year earlier. Although it has not been able to become a regular employee, it has exceeded US $10 billion for four consecutive months, and the industry believes that the recovery is obvious.

In addition, South Korea's exports to the United States totaled 10.9 billion US dollars, up for four consecutive months compared with the same period last year, and exports to ASEAN and the European Union also increased.

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