South Korea's exports remain strong in January
Published on Feb 1, 2014 12:08 PM
SEOUL (AFP) - South Korea's exports got off to a good start in January as signs of economic recovery in the EU and South-east Asia offset the risks from a weak yen, the trade ministry said on Saturday.
Exports for the month averaged US$2.07 billion (S$2.64 billion) a day, up 8.9 per cent from a year earlier.
For the whole of January, however, exports came to US$45.584 billion, down 0.2 per cent from 2013 as there were two less working days in the month compared with the previous year due to the Lunar New Year holiday that began Thursday.
"On the back of an economic recovery trend, exports to the EU went up sharply while shipments to Asean and China were also on the increase, led by IT products," the ministry said in a press statement.
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