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South Korean exports nearly doubled in October

Economy · First reported 1 Nov, 00:38 · Updated 00:55

Image: Wikimedia Commons · NASA Earth Observatory image by Lauren Dauphin, using Landsat data from the U.S. Geological Survey. Story by Adam Voiland. · Public domain

South Korea’s exports rose 93.7% year over year to $115.28 billion in October, their strongest growth since January 1974. Semiconductor and computer sales surged amid AI-related demand, while imports also increased and the trade surplus narrowed from the previous month’s record.

  • Exports rose 93.7% year over year to $115.28 billion, the sharpest increase since January 1974; more working days due to the timing of Chuseok contributed to the rise.
  • Semiconductor exports increased 259.4% and computer sales rose 496.6%, with the trade ministry citing ongoing investment and demand for AI-related servers and services.
  • Imports climbed 36.0% to $72.78 billion. The trade surplus was $42.50 billion, below the previous month’s record $49.97 billion.
Summary written by Lux AI from 2 articles

Key facts

October exports
$115.28 billion, up 93.7% year over year
Semiconductor exports
Up 259.4%
Computer sales
Up 496.6%
October imports
$72.78 billion, up 36.0%
Trade balance
$42.50 billion surplus

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