S. Korea's Daily Exports Hit Record $4.74 Billion on Semiconductor Boom
The semiconductor supercycle is writing a new chapter in South Korea's export history. Average daily exports from Oct. 1–20 reached approximately 6.4 trillion won, or approximately $4.74 billion, marking an all-time high.According to preliminary trade data released by the Korea Customs Service on Oc
South Korea witnessed its export history rewritten as the semiconductor supercycle unfolded. Daily exports from October 1 to 20 soared to a record $4.74 billion, marking an all-time high. Total exports for the period totaled $61.612 billion, a 105.4% increase from the same time last year. Average daily exports jumped 65.9% year on year, surpassing the previous record of $4.6 billion.
Semiconductors were the chief driver of this export boom, with exports surging 222.5% year on year to $27.516 billion, comprising 44.7% of total exports – a 16.2 percentage point rise from the previous year. Other sectors also showed strong growth, including computer peripherals, petroleum products, and passenger vehicles. Exports to major markets expanded notably, with China, the US, Vietnam, and the European Union recording substantial gains.
The trade balance recorded a surplus of $14.496 billion, with cumulative exports surpassing imports by $266.926 billion for the year.
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