Driven by strong demand for memory chips, South Korea's exports soared nearly 63% year over year to US$98.99 billion in July, making it the second-highest monthly export volume in history, after US$102.2 billion in June. Imports increased 26.5% to US$68.56 billion, and the trade surplus reached US$30.32 billion. From an industry perspective, semiconductor exports surged 179% to 41 billion US dollars, breaking the 40 billion mark for two consecutive months. Despite increased competition, global storage product prices remained high. According to the data, exports to the US surged 68.7%, reaching 17.4 billion US dollars, driven by AI data center investment projects launched by large high-tech companies. South Korea's Minister of Industry, Trade and Resources Kim Jeong-kwan said that, driven by the strong performance of the semiconductor industry, 19 of South Korea's 20 major export categories have achieved growth, and diversification of the export portfolio has achieved remarkable results.

Driven by strong demand for memory chips, South Korea's exports soared nearly 63% year over year to US$98.99 billion in July, making it the second-highest monthly export volume in history, after US$102.2 billion in June. Imports increased 26.5% to US$68.56 billion, and the trade surplus reached US$30.32 billion. From an industry perspective, semiconductor exports surged 179% to 41 billion US dollars, breaking the 40 billion mark for two consecutive months. Despite increased competition, global storage product prices remained high. According to the data, exports to the US surged 68.7%, reaching 17.4 billion US dollars, driven by AI data center investment projects launched by large high-tech companies. South Korea's Minister of Industry, Trade and Resources Kim Jeong-kwan said that, driven by the strong performance of the semiconductor industry, 19 of South Korea's 20 major export categories have achieved growth, and diversification of the export portfolio has achieved remarkable results.