South Korea's exports jumped 44.4 percent from a year earlier in the first 10 days of February, driven by strong demand for semiconductors, data showed Wednesday. Outbound shipments reached $21.39 billion in the Feb. 1-10 period, compared with $14.81 billion tallied a year earlier, according to the data from the Korea Customs Service. Imports went up 21.1 percent on-year to $20.74 billion during the period, resulting in a trade surplus of $64 million, the data showed The daily average volume of exports also advanced 34.8 percent on-year, while the number of working days during the period went up by 0.5 day from a year earlier to 7.5 days.   By item, exports of semiconductors surged 137.6 percent on-year to $6.73 billion amid the global artificial intelligence boom. Chip exports accounted for 31.5 percent of the country's total exports over the cited period, up 12.3 percentage points from the same period last year. Exports of petroleum products jumped 40.1 percent to $1.52 billion. But automobile exports went down 2.6 percent on-year to $1.35 billion, while shipments of vessels dipped 29 percent to $663 million. By destination, exports to China, South Korea's top trading partner, soared 54.1 percent on-year to $4.55 billion. Shipments to the United States jumped 38.5 percent to $3.6 billion despite the tariff scheme by U.S. President Donald Trump's administration, the data showed. In January, exports expanded 33.9 percent from a year earlier to $65.85 billion on strong demand for semiconductors.   (ICE SEOUL)

Fonte notizia: The Korea Herald