S. Korea exports expected to rise 5.1% this year: trade body

South Korea's shipments in ships, cars and car parts are expected to rise steadily from July onwards, while exports of steel products and machinery are expected to recover from last year's soft performance to contribute to the economy growing 5.1%, said the Korea International Trade Association - EPA Photo.

SEOUL: South Korea's exports are expected to rise an annual 5.1% in 2014, the biggest gain in three years, a report from the country's representative trade body showed on Wednesday, but still short of the central bank's latest forecast.

Exports in the second half of the year are forecast to rise an annual 6.8%, compared to a 3.3% growth forecast for the first six months of 2014, the Korea International Trade Association (KITA) said.