South Korea's exports rose 18.8% in the first 20 days of July, led by a 57.5% increase in semiconductors, marking the ninth consecutive month of growth.
South Korea's exports rose 18.8% in the first 20 days of July to reach $37.17bn, driven by strong demand for locally-made semiconductors, which saw a 57.5% increase. This growth marks the ninth consecutive month of an upward trend through May. Imports increased 14.2% to $37.22bn, resulting in a trade deficit of $50m. Exports of oil products, automotive components, computers, and home appliances also advanced in double digits.
July 22, 2024
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