Illustration of South Korea's export growth driven by semiconductor shipments, featuring a busy port with ships and rising charts.
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South Korea exports rise 53.9 percent in first 10 days of July on chip shipments

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English

South Korea's exports jumped 53.9 percent from a year earlier to $29.8 billion in the first 10 days of July, driven by strong semiconductor shipments.

According to data released Monday by the Korea Customs Service, outbound shipments reached $29.8 billion in the July 1-10 period, compared with $19.3 billion a year earlier. The figure marked the highest for any 10-day period compiled by the agency.

Semiconductor exports nearly tripled to $11.2 billion. Automobile exports rose 5.7 percent to $1.89 billion, petroleum products advanced 22.7 percent to $1.75 billion and ship exports climbed 75.1 percent to $1.54 billion.

Exports to China surged 88.7 percent to $7 billion while those to the United States increased 43.2 percent to $4.91 billion. Cumulative exports this year totaled $526.1 billion as of Friday, up 48.6 percent from a year earlier, with a trade surplus of $144 billion.

What people are saying

Initial reactions on X focus on South Korea's 53.9% export surge in early July, driven by semiconductor demand and AI-related price increases in DRAM and NAND. Users share detailed data breakdowns showing massive YoY growth in export values and unit prices, with positive sentiment toward Samsung and SK Hynix stocks. A few posts question the long-term sustainability of the growth amid the AI boom, while most are neutral reports or bullish analyses of the trade surplus and global demand signals.

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