{"id":38143,"date":"2025-08-01T00:45:08","date_gmt":"2025-08-01T00:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/38143\/"},"modified":"2025-08-01T00:45:08","modified_gmt":"2025-08-01T00:45:08","slug":"south-korea-july-exports-beat-forecast-on-strong-chip-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/38143\/","title":{"rendered":"South Korea July exports beat forecast on strong chip demand"},"content":{"rendered":"\n

SEOUL (Reuters) -South Korea’s exports rose for the second straight month in July, beating market expectations on strong chip demand, trade data showed on Friday.<\/p>\n

Exports from Asia’s fourth-largest economy, an early bellwether for global trade, rose 5.9% from the same month last year to $60.82 billion, stronger than the 4.3% increase in June and a 4.6% forecast for July in a Reuters poll of economists.<\/p>\n

In July, there were signs of front-loading ahead of an August 1 deadline for higher U.S. tariffs<\/a>, economists said.<\/p>\n

President Donald Trump<\/a> signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations.<\/p>\n

With South Korea, Trump signed a trade deal on Wednesday lowering tariffs to 15% from a threatened 25%, which officials, companies and economists cheered for reducing uncertainty over the trade environment.<\/p>\n

Exports of semiconductors jumped 39.3% in July, the biggest annual increase since October 2024, while cars rose 8.8% on robust demand in non-U.S. markets. Ship exports surged 107.6%.<\/p>\n

By destination, shipments to the U.S. rose 1.4%, as growing technology demand offset the impact of Trump’s tariffs on steel and auto parts. Exports to China fell 3.0%, while those to the European Union rose 8.7%.<\/p>\n

Imports rose 0.7% in July to $54.21 billion, compared with a gain of 4.3% in June and 2.0% expected by economists.<\/p>\n

The monthly trade balance stood at a surplus of $6.61 billion, narrower than the previous month’s $9.08 billion, which was the biggest since September 2018.<\/p>\n

(Reporting by Jihoon Lee; Editing by Himani Sarkar and Jamie Freed)<\/p>\n","protected":false},"excerpt":{"rendered":"SEOUL (Reuters) -South Korea’s exports rose for the second straight month in July, beating market expectations on strong…\n","protected":false},"author":2,"featured_media":38144,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,1376,100,18262],"class_list":{"0":"post-38143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-donald-trump","12":"tag-markets","13":"tag-south-korea"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/38143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=38143"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/38143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/38144"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=38143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=38143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=38143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}