July exports hit $98.9 billion, second-highest ever thanks to strong semiconductors
Korean exports surged 62.8%, setting a July record of $98.9 billion, the second-highest ever Check now on the trade recovery led by strong semiconductor performance
According to the Ministry of Trade, Industry and Energy, Korea's exports in July were tallied at $98.9 billion, up 62.8% from the same period last year. This is the secondlargest monthly figure on record.
This increase was largely driven by robust semiconductor exports. The improvement in the semiconductor industry helped lift overall export performance, showing a recovery trend in major export items.
These figures serve as an indicator of the improvement in Korea's trade performance, and changes in the export structure and industry conditions are expected to remain important variables for the time being.