Exports up 83% in first 10 days of September on chips
Korea's exports surged nearly 83 percent year-on-year in the first 10 days of September, customs data showed Friday, driven by robust semiconductor shipments amid the global artificial intelligence (AI) boom. Outbound shipments reached $35 billion in the Sept. 1-10 period, according to the numbers released by the Korea Customs Service. The customs agency said exports reached the highest level for…
Korea's exports skyrocketed nearly 83% year-on-year during the first 10 days of September, as reported by customs data on Friday. The surge was primarily fueled by a surge in semiconductor shipments, capitalizing on the worldwide artificial intelligence (AI) boom. In the September 1-10 period, outbound shipments totaled $35 billion, marking the highest level for a similar timeframe on record.
The Korea Customs Service revealed that imports climbed 20.7% year-on-year to $24.6 billion over the same period, resulting in a trade surplus of $10.4 billion. Semiconductors were the main catalyst behind the export growth, surging 270% to $16.5 billion, also breaking a record for the period. Oil product exports surged 57% to $1.87 billion, while automotive exports rose 10% to $1.7 billion.
Ship and steel product exports also saw significant increases of 66.8% and 10.3%, respectively. China became the top export destination, receiving $7.95 billion worth of goods, while the United States saw exports increase 137.5% to $7 billion.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- (LEAD) Exports up 83 pct in first 10 days of Sept. on chips en.yna.co.kr
- Exports up 83% in first 10 days of September on chips koreatimes.co.kr