[Anchor]
Exports supporting the nation's economy have increased for 13 consecutive months.
In particular, exports last month were the highest ever in October.
I'm connecting with a reporter from the Ministry of Economy to find out more. Reporter Choi Ayoung!
How much did exports increase last month?
[Reporter]
Yes, it increased by nearly 5% compared to October last year.
Last month, exports rose 4.6% from last year to $57.5 billion.
This is the highest performance ever among exports in October.
As a result, exports, the cornerstone of our economy, have continued to increase for 13 consecutive months.
Imports increased 1.7% to $54.4 billion last month.
The trade balance was $3.2 billion, the 17th consecutive month of surplus.
In addition, the cumulative trade surplus until last month this year was $39.9 billion, the largest since 2018.
[Anchor]
Who was the beneficiary of last month's export?
[Reporter]
Most of Korea's major export items showed an increase.
As expected, semiconductors stood out.
Exports of semiconductors reached $12.5 billion last month, up more than 40% from last year.
It broke the record in six years with its biggest performance ever as of October.
It's also one of the two biggest export items.
Automobile exports rose 5.5% from last year to $6.2 billion, also the highest performance as of October.
In addition, computers and wireless communication devices also increased by 54% and 20% by double digits, respectively, helping.
As exports continued to rise, the government's target of $700 billion in exports was also given a green light.
The government, however, said it will closely check and respond to the external situation such as the Middle East situation and the U.S. presidential election.
So far, I'm YTN Choi Ah-young in the Ministry of Economy.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]