South Korea exports rose 3.8 percent in the first 10 days of September, driven by robust global demand for semiconductors and vessels. South Korea exports reached $19.2 billion, up from $18.5 billion during the same period last year. However, daily average shipment volume fell 8.7 percent, reflecting fewer working days compared to the previous year. Despite this, analysts remain optimistic about the country’s export performance.
Imports climbed 11.1 percent to $20.4 billion, resulting in a trade deficit of $1.2 billion during the period. Semiconductor exports surged 28.4 percent to $4.45 billion, representing 23.2 percent of total shipments. Vessel exports jumped 55.3 percent to $900 million, supporting strong growth in South Korea’s manufacturing sector. These high-value exports have become key drivers of the country’s overall trade balance.
Exports to the United States fell 8.2 percent due to ongoing tariffs, yet shipments to China increased slightly by 0.1 percent to $3.92 billion. Meanwhile, exports to Vietnam rose 24 percent to $2.07 billion, and shipments to Taiwan jumped 31.2 percent to $1.15 billion. These trends indicate that exports are shifting toward Southeast Asia and other emerging markets, diversifying their trade footprint.
The government expects South Korea exports to continue growing throughout September thanks to more working days and rising semiconductor demand globally. Last year, the Chuseok holiday reduced working days, but this year businesses have 24 working days, improving export potential. Moreover, rising demand for semiconductors and vessels supports optimism among manufacturers and exporters alike.
In August, exports increased 1.3 percent to $58.4 billion, despite U.S. tariffs. Analysts noted that semiconductors and vessels remain the strongest growth drivers of South Korea exports. The country continues to rely on these high-value industries to maintain competitiveness. Additionally, policymakers aim to expand trade opportunities in Southeast Asia and other key regions to sustain export momentum.
Overall, South Korea exports demonstrate the country’s resilience and leadership in global trade. Strong semiconductor and vessel shipments continue to drive economic growth. As international demand rises, South Korea exports are likely to expand further, ensuring steady trade performance in the coming months.
