Sept. exports rebound for 1st time in 7 months on chips, autos

Yonhap News Agency | Oct 1, 2020 at 3:22 AM
  • South Korea’s exports rebounded for the first time in seven months in September, data showed Thursday, helped by increased shipments of chips and automobiles as major trade partners gradually resumed their business activities amid the pandemic.
  • By segment, outbound shipments of chips, one of the country’s mainstay export goods, jumped a whopping 11.8 percent on-year to $9.5 billion, extending their gain to a third month.
  • By destination, exports to China, the largest trading partner, expanded 8.2 percent on-year in September to $12.3 billion, on the back of stronger demand for chips and steel products.