South Korea's April exports surged 11.1%, driven by semiconductors, leading to a sixth consecutive monthly gain.
South Korea's exports surged 11.1% in the first 20 days of April, driven by strong global demand for locally-made semiconductors. Outbound shipments reached $35.82bn, while imports increased 6.1% to $38.47bn, resulting in a trade deficit of $2.65bn. This marks the sixth consecutive monthly gain for exports, with semiconductor exports leading the growth, rising 43% to $5.85bn in the first 20 days of the month.
April 22, 2024
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