Korea's exports to the US surge by 26.9%

Korea’s exports to the US surge by 26.9%

South Korea's exports to the US rose by 26.9% in the first ten months of the year, driven by shipments of automobiles and wireless communication gear. Exports to the US reached $38 billion in the January-October period, which accounts more than 3% of US imports. Consequently, Korea was the six-largest exporter to the US after Canada, China, Mexico, Japan and Germany. Car shipments rose by 30.6% to $8 billion while wireless communication gear shipments showed a rise of around 50% and reached $7 billion. It is believed that the upward trend of exports will also continue next year.