South Korea Achieves Record $87.75 Billion in Exports Driven by AI Chip Demand
South Korea exports hit record $87.75B in May on AI chip boom

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In May, South Korea's exports reached a record $87.75 billion, driven by a 169.4% increase in semiconductor shipments, particularly for AI-related products. This marks the third consecutive month of exports exceeding $80 billion, resulting in a trade surplus of $26.95 billion.
- 01Exports surged 53.2% year-on-year in May, totaling $87.75 billion.
- 02Semiconductor exports alone jumped 169.4%, reaching $37.16 billion.
- 03Daily exports averaged $4.28 billion, surpassing $4 billion for the first time.
- 04Exports to China increased by 80.9%, totaling $18.9 billion.
- 05South Korea's cumulative trade surplus from January to May reached $101.91 billion, exceeding the previous annual record.
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South Korea's exports hit a record $87.75 billion in May, marking a 53.2% increase from the previous year. This milestone is attributed primarily to a significant rise in semiconductor shipments, fueled by investments in artificial intelligence. Notably, semiconductor exports surged 169.4% to reach $37.16 billion, with DRAM and NAND flash exports increasing by 369.8% and 206.8%, respectively. The overall trade surplus for May was $26.95 billion, with imports rising 20.8% to $60.8 billion. This achievement follows two previous months where exports exceeded $80 billion. Other sectors, including petroleum products and nonferrous metals, also saw notable increases. However, automobile exports fell 5.9% due to various operational challenges. Trade Minister Kim Jung-kwan emphasized the need to mitigate trade risks amid ongoing geopolitical uncertainties and pledged government support for stabilizing exports and securing essential raw materials.
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The record export figures indicate robust economic growth driven by the technology sector, particularly in semiconductors.
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