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RoK’s exports to Vietnam drop 3.3 percent in March

The Republic of Korea (RoK)’s exports to Vietnam sank 3.3 percent in March 2018, according to the Korea Customs Service (KCS).
RoK’s exports to Vietnam drop 3.3 percent in March ảnh 1Illustrative Image (Source: http://thoibaotaichinhvietnam.vn)
Hanoi (VNA) - The Republic of Korea (RoK)’s exportsto Vietnam sank 3.3 percent in March 2018, according to the Korea CustomsService (KCS). 

The KCS said on April 16 that the RoK’s exports rose 6.1percent in March from a year earlier, largely thanks to strong demand forsemiconductors and petrochemical goods. 

The country's outbound shipments were estimated at51.6 billion USD in March, compared with 44.6 billion USD a year earlier. 

Meanwhile, the RoK’s imports rose 5.2 percent in the reviewed period to 44.8 billion USD,resulting in a trade surplus of 6.8 billion, it added. 

March 2018 marked the 74th month in a row the RoK’strade balance has stayed in the black, said the KCS.

Chipexports surged 43.9 percent in March from a year earlier, leading last month'sexport expansion. Oil product shipments added 1.1 percent, but those forautomobile and ships declined 8.1 percent and 30.9 percent respectively.

Export oftelecommunication devices, such as smartphone, fell 9.2 percent as localcompanies increased production in overseas factories.

Shipments to China, the RoK's biggest tradingpartner, increased 16.6 percent, but those to the US, the second largestoverseas market for locally made goods, fell 1 percent.-VNA

VNA
#Republic of Korea #Korea Customs Service #RoK’s exports #Vietnam-RoK relations #Vietnam #Vietnam news #Vietnam News Agency Korea (RoK)
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