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S. Korea's Export Volume Rises for 3rd Consecutive Month in Nov.

Written: 2020-12-29 13:58:11Updated: 2020-12-29 14:04:31

S. Korea's Export Volume Rises for 3rd Consecutive Month in Nov.

Photo : YONHAP News

South Korea's export volume rose for the third consecutive month last month.

According to the latest data from the Bank of Korea(BOK) on Tuesday, the export volume index jumped five-point-seven percent on-year in November, continuing the three-month streak.

Outbound shipments of computers, electronics and optical instruments increased 12-point-two percent, chemical products by 12-point-six percent, and electrical equipment by 16-point-five percent, reflecting the nontact working environment.

Due to a decline in oil prices, exports of coal and petroleum products dropped 27-point-nine percent, while those of machinery and equipment fell 12-point-seven percent.

The export amount index rebounded from an on-year three-point-five percent contraction in October to a three-point-eight percent expansion, thanks to an upswing in shipments of semiconductors, medicine and medical supplies, and electronic goods.

The import volume index also surged nine-point-one percent on-year, rising for the third straight month in November, while the import amount index dipped point-six percent, carrying on an eight-month streak.

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