S.Korea's export volume keeps rising for 10 months

Source: Xinhua| 2017-09-25 19:12:12|Editor: Xiang Bo
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SEOUL, Sept. 25 (Xinhua) -- South Korea's export volume kept rising for 10 months through August on the back of robust demand for locally-made automobiles and semiconductors, central bank data showed Monday.

The export volume index stood at 142.29 in August, up 8.5 percent from the same month of last year, according to the Bank of Korea (BOK). The index continued to gain for 10 months from November of last year.

The continued growth was attributed to solid demand for chips and cars. Export volume for electrical and electronic devices rose 6.6 percent, with the figure for semiconductors jumping 20.2 percent.

Export volume for transport equipment advanced 15 percent, with passenger car exports surging 26 percent.

In terms of volume, exports of general machinery, precision machine and oil products posted a double-digit increase last month.

The import volume index came in at 135.82 in August, up 8.8 percent from a year earlier.

Import volumes of general machinery, electrical and electronic devices, the primary metal products and precision machines all increased by a double digit.

South Korea's trade terms were improved. The net terms-of-trade index for goods, which refers to the volume of goods that can be imported with the proceeds of a unit export, rose 2 percent in August from a year ago.

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