S. Korea's monthly exports hit 2nd highest ever on strong chip shipments
The industry ministry said exports of mobile devices rose 51 percent to $1.81 billion, as premium smartphones, such as the Galaxy S26 lineup, maintained solid
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Summary
The industry ministry said exports of mobile devices rose 51 percent to $1.81 billion, as premium smartphones, such as the Galaxy S26 lineup, maintained solid sales despite soaring chip-driven production costs. Outbound shipments of petroleum products jumped 34.1 percent to $5.68 billion, while those of petrochemical products gained 10.3 percent to $4.18 billion. Exports to the U.S. surged 68.7 percent to $17.4 billion, driven by AI data center investment projects rolled out by major high-tech companies, the data showed.
Furthermore, By sector, exports of semiconductors, the backbone of Asia's fourth-largest economy, shot up 179 percent over the period to $41 billion as global prices for memory products remained high despite heightened competition. The monthly report also showed exports to Southeast Asian countries rose 73.7 percent to $18.8 billion, driven by strong shipments of semiconductors, displays and ships. "Amid the strong performance of semiconductors, 19 of the country's 20 major export categories posted gains," Industry Minister Kim Jung-kwan said in a release, noting South Korea has successfully diversified its export portfolio.
In addition, By destination, exports to China nearly doubled to $21.68 billion on the back of strong shipments of chips, nonferrous metal products and petroleum goods. Imports rose 26.5 percent on-year to $68.56 billion, resulting in a trade surplus of $30.32 billion. "Exports of petroleum products decreased in volume following the government's efforts to stabilize domestic supply, but uncertainties in the Middle East led to higher oil prices, resulting in gains in export value," the ministry said.
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The industry ministry said exports of mobile devices rose 51 percent to $1.81 billion, as premium smartphones, such as the Galaxy S26 lineup, maintained solid sales despite soaring chip-driven production costs.
reliability low1/2 sourcesOutbound shipments of petroleum products jumped 34.1 percent to $5.68 billion, while those of petrochemical products gained 10.3 percent to $4.18 billion.
reliability low1/2 sourcesExports to the U.S. surged 68.7 percent to $17.4 billion, driven by AI data center investment projects rolled out by major high-tech companies, the data showed.
reliability low1/2 sourcesBy sector, exports of semiconductors, the backbone of Asia's fourth-largest economy, shot up 179 percent over the period to $41 billion as global prices for memory products remained high despite heightened competition.
reliability low1/2 sourcesThe monthly report also showed exports to Southeast Asian countries rose 73.7 percent to $18.8 billion, driven by strong shipments of semiconductors, displays and ships.
reliability low1/2 sources"Amid the strong performance of semiconductors, 19 of the country's 20 major export categories posted gains," Industry Minister Kim Jung-kwan said in a release, noting South Korea has successfully diversified its export portfolio.
reliability low1/2 sourcesBy destination, exports to China nearly doubled to $21.68 billion on the back of strong shipments of chips, nonferrous metal products and petroleum goods.
reliability low1/2 sourcesImports rose 26.5 percent on-year to $68.56 billion, resulting in a trade surplus of $30.32 billion.
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"Exports of petroleum products decreased in volume following the government's efforts to stabilize domestic supply, but uncertainties in the Middle East led to higher oil prices, resulting in gains in export value," the ministry said.
according to Yonhap News
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