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South Korea's exports rose 12.7% in September, driven by strong chip and auto demand, despite U.S. tariffs.
South Korea’s exports rose 12.7% year-on-year in September to $65.95 billion, a 14-month high, driven by strong semiconductor and auto demand amid the AI boom, though adjusted for calendar effects, exports fell 6.1%.
Chip exports surged 22%, and auto shipments jumped 17%, despite U.S. tariffs.
Exports to the U.S. dipped 1.4% due to new tariffs, while steel exports dropped sharply after duties doubled.
Imports rose 8.2%, widening the trade surplus to $9.56 billion, the largest since 2018.
Economists cite shifting trade dynamics and stalled U.S. talks over tariffs as ongoing concerns.
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Las exportaciones de Corea del Sur aumentaron un 12,7% en septiembre, impulsadas por la fuerte demanda de chips y automóviles, a pesar de los aranceles estadounidenses.