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According to official data released by ICIS website on June 1st on Tuesday, South Korea’s exports of petrochemical products in May increased by 94.
South Korea’s Ministry of Trade, Industry and Energy stated in a statement that in May, South Korea’s overall exports increased by 45.
In May, South Korean car exports increased by 93.
The Bank of Korea last week raised its annual economic growth forecast for 2021 to 4% from 3% in February due to a recovery in exports.
Wang Lei is an excerpt from ICIS
The original text is as follows:
South Korea's petrochemical exports surge by 94.
South Korea's petrochemical exports rose by 94.
The country's overall exports rose by 45.
The country's exports of automobiles rose by 93.
South Korea's central bank last week revised its annual growth projection for 2021 to 4% from a previous forecast of 3% made in February on the back of a recovery in exports.
