Seoul: South Korea's exports saw a significant rise of 9.5 percent during the first 10 days of July compared to the same period last year, recent data revealed. Outbound shipments during this period amounted to US$19.4 billion, a notable increase from the $17.72 billion recorded in the corresponding timeframe the previous year.
According to Yonhap News Agency, the data from the Korea Customs Service also indicated a rise in imports, which grew by 1.8 percent year-on-year, reaching $19.99 billion. This increase in imports resulted in a trade deficit of $594 million for the period. The figures highlight a trend of growing international trade activity for South Korea in the early part of July.