Exports expected to rise 15% in Sept. on chips, autos: poll

This file photo, taken Sept. 9, 2021, shows stacks of containers at a port in Incheon, 40 kilometers west of Seoul. (Yonhap)

South Korea’s exports are likely to rise 15 percent on-year in September on the back of robust demand for chips and automobiles, even though overall growth might slow due to fewer working days in the month, a poll showed Tuesday.

Exports are expected to reach Imports are estimated to have gone up 26. 5 percent on-year in September to $49. 8 billion, resulting in a trade surplus of $5. 3 billion.

South Korea will release its official trade data Friday.

In August, South Korea’s exports have extended their gains to 10 months by rising 35 percent on-year.

Experts attributed the decelerated growth in September to the fewer number of business days due to the Chuseok holiday, the Korean equivalent of Thanksgiving.

The country’s exports have jumped 22. 9 percent on-year during the first 20 days of September. $55. 1 billion this month, according to the survey of seven brokerage houses by Yonhap Infomax, the financial news arm of Yonhap News Agency. (Yonhap)

Exports expected to rise 15% in Sept. on chips, autos: poll
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