South Korea’s exports reached $33.46 billion from November 1 to 10, up 111.9% from the same period a year earlier, according to provisional customs data. Semiconductor exports surged 331.2% to $16.63 billion, accounting for 49.7% of total exports and driving the overall increase. Exports to China, the United States, Vietnam, Taiwan and the European Union all rose, while energy imports increased 86.3%.
The trade surplus reached $8.75 billion, and cumulative exports for the year rose to $963.7 billion, leaving $36.3 billion to reach the first annual $1 trillion mark.