Breaking News Last year, exports amounted to 683.8 billion dollars...the greatest ever achieved

Last year, Korea's exports reached 683.8 billion dollars, the highest ever, breaking the record in 2022 in two years.

As a result, from January to September last year, global export rankings also rose two notches to sixth place from eighth place in 2023 and recorded the highest export growth among the top 10 exporters.

Imports fell 1.6% year-on-year to $632 billion as energy imports fell.

As a result, the annual trade balance reached a surplus of $51.8 billion last year, the largest surplus since 2018.

The Ministry of Trade, Industry and Energy said last year that while oil prices stabilized downward unlike in 2022, IT items such as semiconductors and major items such as ships and automobiles were evenly strong, recording the largest export performance and trade surplus ever.