Exports rose 9.4 percent year-on-year to USD 208.5 billion in August, lower than a 14.5 percent increase in July, but better than market expectations. Sales to the United States rose 11.4 percent, those to the European Union increased 12.1 percent and shipments to the ASEAN countries advanced 13 percent. In contrast, sales to Japan fell1.7 percent and exports to South Korea decreased 12.6 percent.
Imports dropped 2.4 percent year-on-year to USD 158.6 billion in August after falling 1.5 percent in the previous month. Purchases from the United States, Japan, South Korea fell by 3.1 percent; 5.3 percent; 4 percent, respectively. Meanwhile, imports from the EU rose 4.5 percent.