Korean exports are on an upward momentum thanks to strong overseas demand for automobiles and mobile communication equipment.
A report released by the Commerce, Industry and Energy Ministry on Wednesday shows that Korean exports in July reached US$30.9 billion. That's a whopping 20 percent jump year-on-year.
Korean exports have maintained double digit growth for 18 consecutive months.
The report also revealed an increase in Korean imports. Imports this month stood at $29.4 billion, up nearly 15 percent compared to the same period last year.
Ministry officials say the rise resulted in a trade surplus of $1.6 billion.
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