Demand for AI chips fuels 83.5% surge in South Korean exports
Data showed overseas shipments reached a record US$120.94 billion in September, nearly double the US$65.95 billion recorded a year earlier.
South Korea's exports surged 83.5% in September to a record monthly high, with chip exports surging 262% year-on-year, according to official data released on Thursday. The country's tech giants, Samsung Electronics and SK hynix, are key suppliers to the rapidly growing global artificial intelligence industry, which is driving demand for memory chips.
Overseas shipments reached a record $120.94 billion, nearly double the $65.95 billion recorded a year earlier. Computer exports rocketed 435.3% to $7 billion due to the proliferation of agentic AI and sustained demand for AI infrastructure. Trade Minister Kim Jung-kwan expressed optimism, stating that annual exports could reach $1 trillion, but warned of risks from global protectionism and Middle East tensions.
The government plans to preemptively respond to external shocks to maintain export momentum through the fourth quarter.
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- Demand for AI chips fuels 83.5% surge in South Korean exports freemalaysiatoday.com
- Demand for AI chips fuels 83.5% surge in South Korean exports straitstimes.com
