South Korea’s exports rebound to $52.6 bn in Feb on automobiles, computers. Imports rose 0.2 per cent on-year to $48.3 bn, resulting in a trade surplus of $4.3 billion. Exports to China slipped 1.4 per cent to $9.5 billion last month due to sluggish chip sales, while exports to the U.S. rose 1 percent to $ 9.9 billion, thanks to strong demand for chips and computers. Outbound shipments to the Association of Southeast Asian Nations (ASEAN) gained 12.6 percent on the back of strong sales of chips and petroleum products, logging the second-largest export volume for any February. The Ministry of Trade, Industry and Energy said the rise in exports came on the. back of the robust performance of automobiles and computers, which includes solid-state drives (SSDs).Automobile exports jumped 17.8 per cent in February, snapping their three-month losing streak.
