S. Korea's export volume rebounds in June-Xinhua

S. Korea's export volume rebounds in June

Source: Xinhua

Editor: huaxia

2023-07-27 16:17:45

SEOUL, July 27 (Xinhua) -- South Korea's export volume marked the first rebound in four months last month owing to demand for transport equipment and chemical products, central bank data showed Thursday.

The export volume index advanced 7.5 percent in June from a year earlier, rebounding in four months since February, according to the Bank of Korea (BOK).

In terms of volume, the outbound shipment for chemical products, and transport and electrical equipment increased in double digits last month, but those for coal and oil products, as well as computer, electronic and optical devices retreated in single figures.

The export value index slipped 9.2 percent in June from a year ago, keeping a downward trend for the ninth straight month.

The import volume index climbed 4.4 percent in June from a year earlier, turning around in four months.

The import value index dwindled 12.0 percent last month, continuing to slide for the fourth consecutive month.

The net terms-of-trade index for goods, which gauges the amount of import that can be bought with a unit-export proceed, added 0.2 percent in June from a year earlier due to faster fall in import prices than export prices.

It marked the first rebound in 27 months since March 2021.