ROK exports hit record
South Korean exports hit a record 34.7 billion dollars in October thanks to more workdays and strong demand for machinery, telecommunications equipment and autos, the government said Thursday.
Imports rose 27.2 percent year-on-year to 32.5 billion dollars, also an all-time high, resulting in a trade surplus of 2.2 billion, the Ministry of Commerce, Industry and Energy said in a report.
October was the 55th consecutive month that the nation posted a trade surplus.
The ministry said last month's 24.2 percent year-on-year export gain was attributable to the fact that the long Chuseok holiday fell in September this year compared to October in 2006.
Exports of general machinery shot up 52.8 percent year-on-year, as demand in China and newly emerging markets stayed strong. Telecoms equipment and auto exports were up 42.7 percent and 32 percent respectively.
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