South Korean Export Growth Picks Up on Robust Tech Demand – Bloomberg
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Americas+1 212 318 2000
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Asia Pacific+65 6212 1000
South Korea’s export growth accelerated last month, reflecting resilience in global demand as the artificial intelligence and technology sectors drive record gains in semiconductor sales.
Average daily shipments increased 12.4% from a year earlier, according to data released Monday by the customs office, compared with 9% growth in May. Headline exports, which don’t reflect differences in the number of working days in the reporting month, rose 5.1%, while overall imports fell 7.5%. That resulted in a trade surplus of $8 billion, the biggest since 2020.