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Korea's semiconductor exports up 8.7% y/y in first 20 days of Jan. Updated: 2020-01-22 07:22:53 KST

After months of sluggish growth, the country's semiconductor exports returned to positive territory in January.
The Korea Customs Service said Friday that semiconductor exports were 8.7 percent higher during the first twenty days of January than they were a year earlier.
The rebound comes after thirteen consecutive months of decline, including an almost negative 17 percent growth last month.
The country's 20-day trade report is an early indicator of global demand.
Although it is too early to interpret much from Tuesday's data, an official from the country's trade ministry attributed the rebound to the rising DRAM spot price, evaluating the latest figures as a positive sign for the new year.
Exports of petroleum products also rose over 19 percent from a year earlier.
However, the country's export figures in general were not so bright.
Overall exports dropped point-two percent during the 20-day period, although that is the smallest decline in more than a year.
Automobile exports were down almost 7 percent and ship exports were down over 40 percent respectively.
By country, exports to South Korea's biggest trading partner, China, dropped 4.7 percent while those to Vietnam and Hong Kong went up.
Korea's imports came to 28 billion U.S. dollars, up three percent from a year before, leaving a 2.4 billion dollar trade deficit.
Kim Dami, Arirang News.
KOGL : Korea Open Government License
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