South Korea Exports Surge 105% in October on Record AI Chip Sales
South Korea exports jumped 105.4% in early October driven by record AI semiconductor sales, with daily average figures hitting a record $4.74 billion.
POLICY WIRE — Seoul, South Korea — South Korean outbound shipments skyrocketed 105.4 percent during the initial 20 days of the month compared to the same timeframe last year, propelled by unprecedented semiconductor purchases tied to worldwide artificial intelligence financing, according to customs figures released on Wednesday.
When calculated on a working-day average format, outbound trade advanced 65.9 percent to reach an all-time high of $4.74 billion.
Outbound shipments of semiconductors experienced a massive 222.5 percent surge, making up 44.7 percent of the aggregate total.
This follows a robust performance last month, where shipments climbed 83.7 percent to mark the steepest increase recorded since February 1974, while the monthly aggregate valuation surpassed $120 billion for the first time ever.
Reporting by Policy-Wire (PW)
