Korea's monthly exports hit $120.9 bil. in Sept. on record chip sales
Korea's exports soared 83.5 percent to a record $120.9 billion in September from a year earlier, driven by a surge in chip shipments, data showed Thursday. Semiconductor exports exceeded $60 billion for the first time last month, boosting overall export figures, the Ministry of Trade, Industry and Resources said in a press release. Imports climbed 26 percent from a year earlier to $71.09 billion,…
South Korea's exports reached a record $120.9 billion in September, an 83.5 percent increase from the same time last year. This surge was primarily driven by a significant rise in semiconductor exports, which exceeded $60 billion for the first time, according to the Ministry of Trade, Industry and Resources.
The ministry also reported that imports increased by 26 percent to $71.09 billion, resulting in a trade surplus. Semiconductor exports specifically skyrocketed 263 percent to $60.3 billion, Yonhap News reported.
Exports to China saw a significant increase of 123 percent to $26 billion, driven by strong shipments of semiconductors and wireless communications equipment, also according to Yonhap News. Other sectors, such as petroleum products and cosmetics, also experienced growth, with increases of 72 percent and 31.4 percent respectively. However, automobile exports fell 5.5 percent to $6.05 billion.
Brief written by urgent.news from The Korea Times, Yonhap News, The Korea Times — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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