Exports up 60% in first 20 days of June on robust chip sales
Chip exports nearly tripled to $25.5 billion as artificial intelligence-driven demand lifted shipments and pushed the June 1-20 trade surplus to $17.5 billion.
6 Articles
6 Articles
The Korea Customs Service announced on the 22nd that exports from June 1 to 20 totaled $61.991 billion, a 60.4% increase compared to the same period last year. This figure surpasses the previous record of $54.3 billion set during the March 1-20 period, marking an all-time high, with semiconductor exports increasing 2.9-fold.
South Korea’s 60% export surge is pulling billions from crypto
Preliminary data released Monday showed South Korea’s exports climbed 60.4% from a year earlier for the first 20 days of June. So far, adjusted exports surged nearly 50%, almost matching May’s hot pace of 52.6%. The surge, driven largely by artificial intelligence (AI) demand, has not only elevated the country’s trade surplus but is also increasingly drawing investor money away from risk assets like cryptocurrencies. Recent trade data shows Sout…
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