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S.Korea’s ‘new’ exports top growth of overall exports

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South Korea’s exports of products from ‘new’ industries grew at a faster rate than the exports overall in the first quarter, a government report showed.

Exports from 12 new industries reached 20.42 billion U.S. dollars in the first quarter, up 35 percent from a year earlier. This more than tripled the export growth rate of 10.1 percent in all industries during the quarter. Outbound shipments in the new industries accounted for 14 percent of the overall exports.

The 12 ‘new’ industries include electric cars, robot, bio health, aerospace etc.