South Korea December exports edge up underpinned by memory chips

South Korea December exports edge up underpinned by memory chips

In December, South Korea exports added for the first straight month, wrapping up 2017 with a positive tone because global demand for memory chips as well as petroleum goods from Asia's number three exporter continued.

In a Reuters survey, 10 financial experts saw exports gaining 10.3% from 2016, picking up some tempo after November's 9.5% revenue.

Overseas sales will keep accelerating this month on firm global demand on petroleum goods, memory chips and ships.

Exports told that exports will probably maintain current firm ascend next year, although some downside risks are still actual, including a probable revision of Seoul's free trade pact with America as well as appreciation of South Korean won.

South Korean exports from December 1 to December 20 edged up 16.4% from 2016, while imports managed to gain 19.5% over the same period, according to preliminary data from the government.

 

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