Global Markets

Korean Exporters’ Continuing Dominance
Of Global Markets

Maintaining a 12-month positive export trend

Korea’s September exports, based on data released by the Ministry of Trade, Industry and Energy (MOTIE), recorded $58.77 billion ― the highest performance ever for September, and the highest performance this year. The average daily exports in September were recorded at $2.94 billion, the highest performance ever, increasing by 12.9%.

Semiconductor exports, the largest export item, increased by 37.1% to $13.6 billion. These broke the record for the first time in three months since June and continued the 11-month consecutive increase.

Computer exports increased by 132% to $1.5 billion, growing for nine consecutive months; and exports of wireless communication devices increased by 19% to $1.9 billion, rising for seven consecutive months.

Automobile exports, the second largest export item, recorded $5.5 billion, up 4.9% year-on-year despite a decrease in the number of operating days (-1.0 days). They turned positive for the first time in four months, achieving the highest performance as of September.

Ship exports increased by 76.2% to $2.4 billion, and the growth rate exceeded 50% for the second consecutive month. Bio-health exports also grew by 9.9% to $1.2 billion, increasing for the third consecutive month.

 
 
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