2076975 2077203
최종편집 2021-01-28 21:18 (목)
Pharmaceutical exports posted 54.4% in October
상태바
Pharmaceutical exports posted 54.4% in October
  • Hyeokgi Lee, Newsmp
  • 승인 2020.11.25 16:50
  • 댓글 0
이 기사를 공유합니다

Monthly exports of $623.19 million… Imports maintained a double-digit increase
▲ South Korea’s exports of pharmaceutical products have continued to grow more than 50% for six consecutive months.
▲ South Korea’s exports of pharmaceutical products have continued to grow more than 50% for six consecutive months.

South Korea’s exports of pharmaceutical products have continued to grow more than 50% for six consecutive months.

However, the trade balance, which recorded a surplus (based on SITC 54) for the first time in September, turned to a deficit in one month.

According to the Korean International Trade Association, exports of pharmaceutical products surged 53.4%, $623.19 million in October YoY.

Although the growth remained at the lowest level in six months since it soared from 16.5% in April to 99.5% in May, it keeps growing above 50% for half a year.

October’s exports also fell short of September, which exceeded $700 million, but surpassed $600 million for the third time after $629.53 million in May and $746.06 million in July.

Due to this, the cumulative exports for the 10-month amounted to $5.614 billion, up 61.7% YoY, maintaining a growth over 60%.

Imports of medicaments also rose by 14.5% to $749.08 million YoY, recording double-digit growth for three consecutive months.

Even so, the trade balance turned a loss from a profit of $39.06 million in September to $12.589 million. However, the deficit was reduced by 49.8% YoY.

The 10-month cumulative imports advanced 13.4% to $751.18 million, posting a $1.436 billion deficit despite a 61.7% surge in exports over the same period. This is 47.7% down YoY.
 


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.