SEOUL: The Republic of Korea’s exports outbound shipments rose 13.9 percent on-year to US$57.4 billion last month, Yonhap News Agency reported, citing data from the Ministry of Trade, Industry and Energy on Thursday.

Korea’s exports extended on-year gains to the tenth straight month in July on the back of the robust performance of semiconductor.

Imports added 10.5 percent on-year to $53.8 billion, resulting in a trade surplus of $3.62 billion. Korea has been maintaining a trade surplus for 14 consecutive months.

The combined trade surplus over the January-July period reached $26.7 billion, the highest since 2018.

Source: Emirates News Agency