South Korea’s exports rose 16.7 percent on-year in the first 10 days of August, data showed Monday, on the back of the strong performance of semiconductors.

Outbound shipments reached US$15.5 billion in the August 1-10 period, compared with $13.2 billion tallied a year earlier, according to the data from the Korea Customs Service.

Imports grew 13.4 percent on-year to $18.4 billion during the period, resulting in a trade deficit of $2.9 billion.

In July, exports extended on-year gains to the tenth straight month on the back of the robust performance of semiconductors, maintaining a trade surplus for 14 consecutive months.

Source: Yonhap News Agency