Wed, 27 Jan 2021

SEOUL, Nov. 25 (Xinhua) -- South Korea's export volume rose for two straight months to October, raising hope for recovering global demand, central bank data showed Wednesday.

In the U.S. dollar term, the export volume index gained 0.3 percent in October from a year earlier, after advancing 13.4 percent in September, according to the Bank of Korea (BOK).

Despite the slower growth in October, the continued increase of export volume boosted expectations for the global demand recovery.

Export volume for oil products, and machinery and equipment declined in double figures, but those for chemical products, and computer, electronic and optical devices expanded 6.1 percent and 3.8 percent respectively.

In terms of value, the outbound shipment reduced 3.5 percent in October from a year ago due to lower oil product price.

The import volume index grew 4.3 percent in October, keeping an upward trend for the second consecutive month, but the import value index declined 6.7 percent last month.

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