S.Korea shipments to U.S., EU rose sharply in Oct

Thursday, 31 Oct 2013 | 9:05 PM ET

SEOUL, Nov 1 (Reuters) - South Korean exports to the United States and the European Union rose sharply in October in annual terms, government data showed on Friday, underpinning the firm trade performance for Asia's fourth-largest economy.

Shipments to the U.S. rose 23.2 percent in October from a year earlier, while shipments to the E.U. rose 16.0 percent, data from the Ministry of Trade, Industry and Energy showed. Exports to China, South Korea's biggest market, rose by 5.5 percent.

The ministry said earlier on Friday that October's total exports rose by 7.3 percent from a year earlier to a record $50.5 billion.

(Reporting by Se Young Lee; Editing by Choonsik Yoo)