South Korea exports hit new high

South Korea's exports soared to a record high, increasing by 83.5% in September to reach $120.9 billion. This surge was driven by a significant rise in electronic chip shipments, with semiconductor exports surpassing $60 billion for the first time. Imports also rose sharply by 26%, resulting in an unprecedented trade surplus of $49.8 billion. The remarkable growth in semiconductor exports, which jumped by 263% to $60.3 billion, is attributed to high demand and rising prices for products, especially in the Chinese and U.S. markets. The data highlights Korea's ongoing technological strength, with increasing demand for chips, petroleum products, petrochemicals, and cosmetics.

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