Exports up 45.3% in 1st 10 days of Aug. on chips
Korea's exports jumped 45.3 percent from a year earlier in the first 10 days of August, data showed Tuesday, on the back of strong global demand for memory chips. Outbound shipments reached $21.3 billion in the August 1-10 period, compared with $14.6 billion tallied in the same period in 2025, according to the data from the Korea Customs Service. It was the highest amount ever recorded for the…
In the first 10 days of August, South Korea's exports surged 45.3% year-on-year, driven by robust global demand for memory chips, according to data released by the Korea Customs Service on Tuesday. Outbound shipments reached $21.3 billion during this period, up from $14.6 billion in the same timeframe last year.
The trade surplus expanded to $1.8 billion, fueled by a 23.1% increase in imports to $19.5 billion. Within sectors, exports of memory chips soared 155.4% to $9.95 billion, maintaining a strong growth trend amid the global artificial intelligence boom. This sector accounted for 46.8% of total exports, marking a 20.1 percentage point rise compared to the previous year.
Petroleum product exports also jumped 65.3% to $1.99 billion. In contrast, automobile exports declined by 80.9% to $182 million. Regarding destinations, exports to China more than doubled to $6.7 billion, while shipments to Vietnam increased by 45.4% to an unspecified amount.
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- Exports up 45.3% in 1st 10 days of Aug. on chips koreatimes.co.kr
- (LEAD) Exports up 45.3 pct in 1st 10 days of Aug. on chips en.yna.co.kr
