Growth in petrochem demand contributes to positive export growth in South Korea

Growing demand for semiconductors, displays and petrochemicals have helped South Korean exports posting positive growth for the first time in a year as the country posted a trade surplus for the 10th straight month in November. This data was revealed in a government report by the Ministry of Knowledge and Economy, which adds that South Korea's trade surplus grew from last month's US$3.63 bln to US$4.05 bln. The country's outbound shipments made an upturn for the first time in 2009, rising 18.8% year-on-year to US$34.27 bln, with imports also advancing 4.7% to US$30.22 bln, as outbound shipments of semiconductors, displays, and petrochemicals soared 80.7%, 66.8% and 47.8% respectively. Imports were also boosted in November, thanks to an increase in demand for capital goods and consumer products.
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