Seoul: South Korea's exports increased by 8.3 percent in the first 20 days of June compared to the same period last year, driven by strong demand for semiconductors. Outbound shipments reached US$38.67 billion during this period, up from $35.69 billion recorded in the previous year.
According to Yonhap News Agency, the data from the Korea Customs Service also indicated that imports rose by 5.3 percent year-on-year to $36.1 billion. This resulted in a trade surplus of $2.6 billion for the country.
The rise in exports reflects the global demand for semiconductors, which are a critical component in various industries. The increased demand for these chips has positively impacted South Korea's trade balance, contributing to the trade surplus reported for the period.