Seoul. South Korea’s exports rose 14.4 percent in September. This increase has increased for the eighth consecutive month due to high demand for electronic products, according to central bank data.

According to the Central Bank of Korea (BOK), the index for export volume rose 14.4 percent in September compared to the same month last year. It has been showing steady growth since February.

In particular, exports of computer, electronic and optical equipment increased by 16.9 percent, maintaining double-digit growth for the seventh consecutive month.

Exports of chemical and transport equipment also showed double-digit growth, while exports of oil products, metal products, machinery and electrical equipment showed single-digit growth.

The export price index rose 12.0 percent in September compared with the same month last year, marking the fourth straight month of growth.

On the other hand, the index of import quantity increased by 13.7 percent and the import price index increased by 7.8 percent.

The Net Terms-of-Trade Index also rose 3.2 per cent, driven by a decline in import prices outpacing export prices.