{"id":820370,"date":"2026-11-01T03:14:10","date_gmt":"2026-11-01T03:14:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/820370\/"},"modified":"2026-11-01T03:14:10","modified_gmt":"2026-11-01T03:14:10","slug":"koreas-monthly-exports-hit-115-3-bil-in-oct-on-strong-chip-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/820370\/","title":{"rendered":"Korea&#8217;s monthly exports hit $115.3 bil. in Oct. on strong chip sales"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/11\/4dff9c54-5534-445f-8f19-35e3a52a0ce6.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1164; width: 100%\" alt=\"Containers bound for export are stacked at a port in Busan, Oct. 1. Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>Containers bound for export are stacked at a port in Busan, Oct. 1. Yonhap<\/p>\n<p class=\"editor-p\">South Korea&#8217;s exports jumped 93.7 percent to a record $115.3 billion in October from a year earlier, driven largely by a sharp increase in semiconductor shipments, data showed Sunday.<\/p>\n<p class=\"editor-p\">Strong global demand for semiconductors, coupled with continued investments by major technology companies in artificial intelligence (AI) infrastructure, boosted overall exports, the Ministry of Trade, Industry and Resources said in a press release.<\/p>\n<p class=\"editor-p\">Imports rose 36 percent from a year earlier to $72.78 billion, resulting in a trade surplus of $42.5 billion.<\/p>\n<p class=\"editor-p\">Cumulative exports for the January-October period exceeded $900 billion for the first time, with the ministry projecting that the country&#8217;s annual exports could reach $1 trillion as early as November if the current trend continues.<\/p>\n<p class=\"editor-p\">By sector, semiconductor exports, a key pillar of Asia&#8217;s fourth-largest economy, skyrocketed 259 percent from a year earlier to $56.4 billion in October, the release said.<\/p>\n<p class=\"editor-p\">Exports of petroleum products jumped 80 percent to $6.92 billion, while those of petrochemical products rose 27.5 percent to $4 billion.<\/p>\n<p class=\"editor-p\">Cosmetics exports shot up 57.5 percent to $1.44 billion on rising demand in China, the United States and the European Union.<\/p>\n<p class=\"editor-p\">Automobile exports gained 18.1 percent to $6.55 billion, driven by increased overseas demand for gasoline hybrid models.<\/p>\n<p class=\"editor-p\">By destination, exports to China soared 133.6 percent to $26.98 billion, driven by strong shipments of semiconductors and wireless communications equipment.<\/p>\n<p class=\"editor-p\">Exports to China topped $20 billion for the fifth consecutive month.<\/p>\n<p class=\"editor-p\">Shipments to the United States surged 185.8 percent to $24.9 billion, supported by robust demand for semiconductors, computers and electrical equipment used in AI infrastructure.<\/p>\n<p class=\"editor-p\">The monthly report also showed exports to Southeast Asian countries rose 128 percent to $21.33 billion, while those to the European Union increased 56.4 percent to $8.1 billion, with both gains driven by strong shipments of chips and automobiles.<\/p>\n<p class=\"editor-p\">&#8220;The global trade environment remains uncertain, with many small and medium-sized enterprises facing difficulties amid rising protectionism in major economies, shifts in global supply chains and geopolitical tensions in the Middle East,&#8221; Industry Minister Kim Jung-kwan said.<\/p>\n<p class=\"editor-p\">To address these challenges, the government will step up trade cooperation with major export partners and work to remove barriers to exports to ease the burden on businesses, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Containers bound for export are stacked at a port in Busan, Oct. 1. Yonhap South Korea&#8217;s exports jumped&hellip;\n","protected":false},"author":2,"featured_media":820371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-820370","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/820370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=820370"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/820370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/820371"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=820370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=820370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=820370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}