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BackSouth Korea's semiconductor exports continue to grow, with full-year exports expected to exceed US$1 trillion for the first time
South Korea's semiconductor exports continue to grow, with full-year exports expected to exceed US$1 trillion for the first time
NEWS
中国新闻网20 minutes agoBusiness1 min readChinaView original

South Korea's semiconductor exports continue to grow, with full-year exports expected to exceed US$1 trillion for the first time

South KoreaexportSemiconductor

Quick Look

  • According to data from the Korean Customs Service, South Korea’s exports reached US$33.5 billion from November 1 to 10, a year-on-year increase of 111.9%.
  • Semiconductor exports performed strongly, accounting for nearly half.
  • South Korea's cumulative export volume in 2026 has reached US$963.7 billion, and is expected to exceed the US$1 trillion mark around November 20.

AI-generated summary

Why It Matters

South Korea's exports rely on high-tech products such as semiconductors, and exports have recently shown a significant growth trend.

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China News Service, Seoul, November 11 (Reporter Jin Xu) Data released by the Korean Customs Service on the 11th local time showed that from November 1 to 10, South Korea’s exports were US$33.5 billion (approximately RMB 223.47 billion), a year-on-year increase of 111.9%, setting a record for the same period in November.

According to Yonhap News Agency, as of November 10, South Korea’s cumulative exports in 2026 reached US$963.7 billion. Based on the current average daily export level, South Korea is expected to exceed the US$1 trillion mark in annual exports for the first time around November 20.

In terms of export commodity types, semiconductor exports in the first 10 days of November reached US$16.6 billion, a year-on-year increase of 331.2%, setting a record high for the same period in previous years and also the largest increase among all export categories.

At the same time, semiconductors accounted for 49.7% of South Korea's overall exports, a significant increase of 25.3 percentage points from the same period last year, which means that nearly half of export revenue comes from semiconductor products. Petroleum products, computer peripherals, etc. also drove export growth.

During the same period, South Korea's import volume was US$24.7 billion, a year-on-year increase of 45.0%. As exports were higher than imports, South Korea achieved a trade surplus of US$8.8 billion, a record high for the same period in previous years.

What to Watch

AI outlook — possibilities, not facts

  • South Korea's full-year export volume is expected to exceed US$1 trillion around November 20.

    Likely · Within weeks

Open Questions

  • What are the specific drivers of the surge in semiconductor exports?
  • The impact of changes in global market demand on subsequent exports.

Related Topics

South Korea
PeopleJinxu
OrganizationsKorea Customs Serviceyonhap news agency
Placesseoul
TopicsexportSemiconductortrade surplusCustoms Department
This article was originally published by 中国新闻网.

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