Yonhap News4 hours agoBusiness1 min readSouth Korea
South Korea's Exports Jump 63% in July Amid Strong Chip Shipments
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- South Korea's monthly exports surged by nearly 63% in July compared to the previous year, reaching $98.89 billion, driven by robust semiconductor shipments.
- Imports also rose, resulting in a trade surplus of $30.32 billion for the month.
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Why It Matters
South Korea's monthly exports saw a significant increase in July, driven by strong performance in the semiconductor sector.
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SEOUL, Aug. 1 (Yonhap) -- South Korea's monthly exports moved up nearly 63 percent in July from a year earlier amid solid chip shipments, data showed Saturday.
Outbound shipments came to US$98.89 billion in July, according to the Ministry of Trade, Industry and Resources.
Imports rose 26.5 percent on-year to $68.56 billion, resulting in a trade surplus of $30.32 billion.
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This article was originally published by Yonhap News.
