Photo : YONHAP News
South Korea’s exports jumped more than 25 percent on-year in 2021 to reach an all-time high.
According to trade ministry data on Saturday, outbound shipments recorded 644-point-five billion dollars last year, up 25-point-eight percent from the previous year.
It marks the highest annual figure, beating the previous record of 604-point-nine billion set in 2018.
Exports have shifted to positive on-year growth after two years of contraction.
Imports, meanwhile, rose 31-point-five percent to 615 billion dollars last year.
The resulting annual trade volume also hit a record of one-point-26 trillion dollars with South Korea ranking as the eighth-largest trading country in the world, up one notch from last year.
In 2021, exports of the country’s top 15 staple items all posted double digit growth, a first since 2000.
In particular, shipments of semiconductors and petrochemicals spiked to record levels.
Exports Hit Record High in 2021, S. Korea Becomes 8th Largest Trading Nation
Source: Matira Matibay
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