February exports jump 29 percent to record high, once again driven by surging chip demand

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February exports jump 29 percent to record high, once again driven by surging chip demand

Export containers sit stacked at Pyeongtaek Port in Pyeongtaek, Gyeonggi on Feb. 23. [NEWS1]

Export containers sit stacked at Pyeongtaek Port in Pyeongtaek, Gyeonggi on Feb. 23. [NEWS1]

 
Korea's February exports jumped nearly 30 percent from a year earlier to mark the highest level ever recorded for the month, driven by strong demand for semiconductors, government data showed Sunday.
 
Outbound shipments totaled $67.45 billion last month, up 29 percent from $54.2 billion a year earlier, according to data compiled by the Ministry of Trade, Industry and Resources.
 

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Imports rose 7.5 percent on year to $51.94 billion, resulting in a trade surplus of $15.51 billion, the data showed.

Yonhap
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