South Korea's June Exports Jump 59.5% as AI-Fueled Chip Demand Endures
Updated
Updated · Bloomberg · Jul 1
South Korea's June Exports Jump 59.5% as AI-Fueled Chip Demand Endures
1 articles · Updated · Bloomberg · Jul 1
Summary
Working-day-adjusted exports rose 59.5% in June from a year earlier, extending South Korea’s strong trade run and signaling continued momentum in the semiconductor-led recovery.
AI-driven chip demand underpinned the gain, reinforcing the durability of the semiconductor boom that has become a key support for economic growth.
Imports climbed 30.1%, leaving a $36.1 billion trade surplus as export growth continued to outpace inbound demand.
On an unadjusted basis, shipments surged 70.9% in June, accelerating from a revised 53.4% increase in May.