The export volume growth of South Korea hits four months high in January on the strong demand for semiconductors, central bank data showed Monday.
According to the Bank of Korea (BOK), the East Asian country’s export volume index stood at 147.23 in January, up 14.7 per cent from a year earlier.
It was the highest increase since September last year, keeping an upward trend for three months in a row, reports Xinhua.
The export volume of locally-made chips jumped 14.8 per cent in January as its demand was robust.
The export volume for electric and electronic devices, including semiconductors, surged 19.4 per cent.
The volume of cosmetics exports jumped 40.7 per cent, with those for medicine and medical supplies soaring 58 per cent.
The export value index advanced 22.7 per cent in January from a year ago on higher prices of electronic devices and chemicals.
Helped by the expanded export, the country's trade terms improved. The income terms-of-trade index, which means the amount of products capable of being imported with the export proceeds, advanced 13.6 per cent in January.