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(LEAD) Exports jump 14.8 pct in first 20 days of March

2017/03/21 09:21

(ATTN: ADDS more info from 3rd para)

SEJONG, March 21 (Yonhap) -- South Korea's exports jumped 14.8 percent in the first 20 days of March from a year earlier, continuing their upbeat mode for five straight months, customs data showed Tuesday.

The total outbound shipments reached US$27.3 billion during the cited period, up from $23.8 billion tallied over the same period last year, according to the data compiled by the Korea Customs Service.

The increase was led by a 42.5 percent on-year gain in exports of semiconductors and a 62.2 percent surge in petroleum products.

Exports to China rose 16.4 percent over the 20-day period from a year earlier, while those to the United States fell 6 percent on-year.

Imports soared 29.4 percent to $26.6 billion over the same period, the data showed.

Consequently, the trade surplus reached $765 million, down sharply from the previous year's $3.3 billion.

Asia's fourth-largest economy saw its outbound shipments make a turnaround from a two-year-long slump in November last year on the back of recovering world trade and rising oil prices.

Last month, exports jumped 20.2 percent to mark the largest on-year gain since February 2012.