South Korea's August exports rose 16.7% YoY, driven by semiconductors and automobiles.

South Korea's exports rose 16.7% YoY in the first 10 days of August, driven by a surge in demand for locally-made semiconductors and automobiles. Export figures reached $15.47 billion, while imports increased 13.4% to $18.40 billion, leading to a trade deficit of $2.93 billion. Semiconductor exports grew by 42.1%, and automobile exports increased by 63.9%. The strong performance in semiconductors contributed to the overall growth.

August 11, 2024
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