South Korea's exports grew 3.1% to $56.56bn in March due to strong chip demand, resulting in a trade surplus of $4.3bn.

South Korea's exports grew for a sixth consecutive month in March, up 3.1% from a year prior to $56.56 billion, supported by strong demand for chips. The growth came despite imports declining 12.3% to $52.28 billion, creating a trade surplus of $4.3 billion. South Korea's chip sales increased for a fifth consecutive month, rising 35.7% and recording the best performance by value in two years.

April 01, 2024
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