South Korea’s Exports Surge 23.5% Thanks to Semiconductor Demand
Synopsis
In a remarkable boost, South Korea's exports rose by 23.5% in February's first 20 days, primarily due to soaring semiconductor demand. This surge highlights the nation's growing importance in the global tech landscape, particularly in AI applications. The trade surplus also reflects a healthy economic climate.
Key Takeaways
South Korea's exports increased by 23.5 percent in February's first 20 days.
Semiconductors played a crucial role, with exports up 134.1 percent .
The trade surplus reached $4.9 billion .
Imports rose by 11.7 percent .
Shipments to China surged by 30.8 percent .
Seoul, Feb 23 (NationPress) South Korea's outbound shipments surged by 23.5 percent compared to the same period last year during the first 20 days of February, spurred by substantial demand for semiconductors, as revealed by data released on Monday.
During the period from February 1 to 20, exports totaled $43.5 billion, a notable increase from $35.2 billion recorded in the corresponding timeframe last year, according to the Korea Customs Service, as reported by Yonhap news agency.
This figure represents the highest level for this period, with semiconductor exports more than doubling due to a surge in artificial intelligence (AI) demand.
On the other hand, imports rose by 11.7 percent year-on-year, reaching $38.6 billion, resulting in a trade surplus of $4.9 billion, the data indicates.
The average daily export volume climbed 47.3 percent year-on-year, despite a decrease of 2.5 working days compared to the previous year, totaling 13 days.
When examining specific items, semiconductor exports skyrocketed by 134.1 percent to $15.1 billion.
These chip exports constituted 34.7 percent of the country's total exports during this period, reflecting an increase of 16.4 percentage points from the previous year.
Additionally, exports of petroleum products grew by 10.5 percent year-on-year to $2.9 billion, and vessel shipments rose by 22.7 percent to $1.3 billion.
Conversely, automobile exports experienced a decline of 26.6 percent year-on-year, totaling $2.6 billion.
Regarding export destinations, shipments to China, South Korea's leading trading partner, surged by 30.8 percent year-on-year, amounting to $8.7 billion.
Exports to the United States also saw a significant increase of 21.9 percent to $8 billion, despite the tariff policies introduced by former President Donald Trump's administration, according to the report.
In January, exports rose by 33.9 percent compared to the same month last year, reaching $65.85 billion, again driven by robust semiconductor demand, the data revealed.
Point of View
It's evident that South Korea's recent export growth, particularly in semiconductors, showcases its pivotal role in the global economy. This trend not only boosts national revenue but also positions the country as a leader in technological advancements, benefiting overall economic health.
NationPress
12 May 2026
Frequently Asked Questions
What is the percentage increase in South Korea’s exports?
South Korea's exports increased by 23.5 percent compared to the same period last year.
What drove the export growth in February?
The significant growth in exports was primarily driven by strong demand for semiconductors .
How much did semiconductor exports increase?
Semiconductor exports surged by 134.1 percent to $15.1 billion .
What was the trade surplus reported?
The trade surplus reported was $4.9 billion .
How did exports to China change?
Exports to China rose by 30.8 percent year-on-year, reaching $8.7 billion .
