The recovery in South Korea’s exports accelerated in November on the back of a rebound in semiconductor demand, boosting optimism for the country’s economic outlook and global trade next year.
Exports rose 7.8% from a year earlier, compared with economists’ forecasts for a 5% increase. Overall imports dropped 11.6%, resulting in a trade surplus of $3.8 billion, according to data released Friday by the trade ministry. Semiconductor shipments rose 12.9% in the first growth in 16 months. Automobile exports increased 21.5%.
