Economics
Korea’s Exports Rise Most Since 2018 Amid Global Recovery
- Overseas shipments post biggest gain since October 2018
- Ministry says export value is highest for the month of March
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South Korea’s exports rose the most in more than two years amid continued robust gains in manufacturing activity, signaling strength in global demand and improved confidence over the outlook as more countries start vaccination programs.
Overseas shipments increased 16.6% from a year earlier in March, the trade ministry said Thursday, matching economists’ forecasts. Korea’s exports to the U.S. and the European Union gained strongly with values reaching some of the highest levels on record. Sales to China also racked up further solid increases.