SEOUL — South Korea's export has grown for the ninth straight month due to robust demand for locally made tech products, government data showed on Monday.
SEOUL — South Korea's export has grown for the ninth straight month due to robust demand for locally made tech products, government data showed on Monday.Export, which accounts for about half of the export-driven economy, rose 5.1 percent over the year to $57.07 billion in June, according to the Ministry of Trade, Industry and Energy.The outbound shipment kept an upward trend since October last year. The daily average export gained 12.4 percent to $2.65 billion last month.Import shrank 7.
Shipment for oil products and petrochemicals expanded in single digits to $3.63 billion and $3.72 billion each amid the higher crude oil prices.Dubai crude, South Korea's benchmark, averaged $82.6 per barrel in June, up 10.1 percent compared to the same month of last year.Automotive export fell 0.4 percent to $6.2 billion owing to fewer business days, with auto parts shipment sliding in double figures.General machinery shipment lost 8.1 percent to $4.
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