South Korea exports accelerate

Going strong: A worker inspects a shipment as a truck carrying a container drives through the Busan Port Terminal in South Korea. Semiconductors, the nation’s top export, jumped 24% year-on-year in February. — Bloomberg

SEOUL: South Korea’s trade sector swung back to a surplus in February from a record deficit a month earlier, powered by stronger-than-expected growth in exports, but the recovery faces some risks from Russia’s invasion of Ukraine.

Exports in February expanded 20.6% from a year earlier to U$53.91bil (RM226bil), trade ministry data showed yesterday.