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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Exports Spike 7.7% in August

Exports Spike 7.7% in August

Sept. 9, 2013

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Korea's exports fared well despite external risks including the financial woes in emerging Asian economies. The Ministry of Industry, Trade and Energy reported Korea's August exports logged US$46.37 billion, rising 7.7% from the same month last year. This marked the fastest pace of increase since January when exports soared 10.9% year-on-year. The daily average exports grew 10% year-on-year to US$1.97 billion, according to the ministry.

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