Korea Sees Fastest Growth in Global Exports

Published on 2017/09/24 | Source

Korea's exports grew at the fastest rate among the world's top 10 exporters in the first quarter of this year, propped up by robust shipments of semiconductor chips.

Exports for the first seven months of this year reached US$328 billion, up 16.3 percent from a year earlier, according to a monthly report by the World Trade Organization on Tuesday.

Korea is now the sixth largest exporter among 70 countries, up two notches from last year.

The WTO forecasts that global trade will remain brisk in the next quarter. But the Ministry of Trade, Industry and Energy here said Korea's exports could slow down amid U.S.' protectionist policies.