South Korea’s Exports Surge 105.4% as AI Boom Fuels Chip Shipments
South Korea’s exports rose 105.4% year-on-year in the first 20 days of October to $61.6 billion.
After adjusting for working-day differences, exports increased 65.9%, down from 89.8% growth in the same period in September.
Semiconductor shipments remained the key driver amid strong global demand for AI-related technology.
Imports climbed 42.8% year-on-year, while South Korea recorded a trade surplus of $14.5 billion.
Japan’s Exports Rise 16.7% in September, Below Expectations
Japan’s exports increased 16.7% year-on-year in September, missing economists’ expectations of 21.3% and marking the 13th consecutive month of growth.
Imports rose 18.9%, below the forecast of 20.4%, amid higher energy costs.
Japan recorded a trade deficit of ¥536 billion, narrowing from ¥1.1 trillion in August.
Exports to the US surged 22.9% year-on-year, while shipments to the European Union rose 10.5%.
Crude oil imports jumped 51% year-on-year as elevated international oil prices increased import costs.
South Korea’s exports rose 105.4% year-on-year in the first 20 days of October to $61.6 billion.
After adjusting for working-day differences, exports increased 65.9%, down from 89.8% growth in the same period in September.
Semiconductor shipments remained the key driver amid strong global demand for AI-related technology.
Imports climbed 42.8% year-on-year, while South Korea recorded a trade surplus of $14.5 billion.
Japan’s Exports Rise 16.7% in September, Below Expectations
Japan’s exports increased 16.7% year-on-year in September, missing economists’ expectations of 21.3% and marking the 13th consecutive month of growth.
Imports rose 18.9%, below the forecast of 20.4%, amid higher energy costs.
Japan recorded a trade deficit of ¥536 billion, narrowing from ¥1.1 trillion in August.
Exports to the US surged 22.9% year-on-year, while shipments to the European Union rose 10.5%.
Crude oil imports jumped 51% year-on-year as elevated international oil prices increased import costs.