Korea's early September exports hit a chip-led record
South Korea's exports reached $71.4 billion in the first 20 days of September, as semiconductor shipments rose 259.4% from a year earlier.
Economics & Markets··Evening
Twenty-day record
South Korea's exports totalled 71.4 billion dollars in the first 20 days of September, according to preliminary Korea Customs Service data reported by Seoul Economic Daily and BusinessKorea. Both reports called the figure a record for the period. Exports were 78.3 percent higher than a year earlier.[1], [2]
Semiconductor contribution
Semiconductor shipments rose 259.4 percent to 34.1 billion dollars, the two publications reported from the customs data. Seoul Economic Daily said chip exports accounted for 47.8 percent of total exports. The reports identify semiconductor shipments as the main driver of total exports.[1], [2]
What the reading measures
The figures cover the first twenty days of September rather than the full month. They are preliminary customs data, as both reports state. That high-water mark therefore describes trade recorded in that twenty-day window, while the cited reports do not present it as a completed monthly export result. BusinessKorea also reported that the period had 15.5 working days, one fewer than a year earlier.[1], [2]