SEOUL, Feb. 12 (Xinhua) -- South Korea's export by big firms logged a double-digit growth in 2024 due to strong global demand for locally-made semiconductors, statistical office data showed Wednesday.

Outbound shipment by the country's top 999 exporters out of the total 99,181 exporting companies advanced 11.6 percent from a year earlier to 453.4 billion U.S. dollars in 2024, according to Statistics Korea.

It was driven by solid demand for capital goods such as transport equipment and IT components, particularly chips.

Export by the top 10 exporters accounted for 36.6 percent of the total shipment in 2024, up 3.7 percentage points compared to the previous year.

Shipment by medium-sized exporters reduced 0.7 percent on weaker demand for raw materials, but export by small firms gained 4.7 percent thanks to demand for capital and consumer goods.

Import by the country's top 1,385 importers out of the total 228,896 importing companies retreated 2.7 percent to 383.7 billion dollars last year on the back of lower demand for consumer goods and raw materials.

Import by mid-sized companies swelled 5.7 percent owing to higher demand for capital goods, but import by small firms reduced 4.3 percent. Enditem

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