South Korea October 1-20 exports surge 105% on record chip sales
South Korea's exports skyrocketed 105.4% in the first 20 days of October compared to the same period last year, according to customs data released on Wednesday. The surge was primarily fueled by record chip sales driven by global AI investment.
On a working-day average basis, exports increased by 65.9% to a record $4.74 billion. Semiconductor exports alone surged 222.5%, making up 44.7% of the total. Last month saw a 83.7% rise in exports, marking the biggest monthly increase since February 1974 and reaching over $120 billion for the first time ever.
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Also reported by 2 other outlets
- South Korea October 1-20 exports surge 105% on record chip sales channelnewsasia.com
- South Korea October 1-20 exports surge 105% on record chip sales brecorder.com
