South Korea's exports expanded at their fastest pace in 11 years in 2021, with the total export value reaching a record high, supported by post-pandemic recoveries in global demand.
For the full year, exports rose 25.8% from a year earlier to $644.54 billion, trade ministry data showed on Saturday, the fastest pace since 2010.
A breakdown by items showed exports of semiconductors jumped 29% year-on-year to a record $128 billion, while those of petrochemicals also surged 54.8% to a record $55.1 billion. Other items such as cars and steel jumped 24.2% and 37%, respectively. Meanwhile, imports for the full year jumped 31.5% to a record $615.1 billion, rebounding from a 7.1% contraction in 2020.
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