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Korea's exports rise 8.2% in 2024 to new annual record

Korea's exports rise 8.2% in 2024 to new annual record
1 Jan 2025 10:04

SEOUL (WAM)

The Republic of Korea's exports advanced 8.2 percent on-year in 2024 to set a new annual record on robust shipments of semiconductors, Yonhap News Agency reported, citing government data on Wednesday.

Outbound shipments came to $683.8 billion last year, compared with the previous record of $683.6 billion set in 2022, according to the data compiled by the Ministry of Trade, Industry, and Energy.

Imports fell 1.6 on-year to $632 billion, resulting in a trade surplus of $51.8 billion.

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