South Korea's semiconductor exports increased by 57.5% year-on-year in the first 20 days of July
The preliminary verification data released by the South Korean Customs on the 22nd shows that South Korea's export volume in the first 20 days of July was 37.171 billion US dollars, an increase of 18.8% year-on-year.
Among the main products, the export value of semiconductors increased the most, reaching 57.5%. Correspondingly, the proportion of semiconductor exports to total exports increased by 4.5 percentage points to 18.2% compared to the previous year. The export value of passenger cars (1.8%) and petroleum products (28.4%) also increased, while the export value of wireless communication equipment (-1.3%), precision equipment (-3.4%), and ships (-49.1%) decreased year-on-year.
By region, China (20.4%), the United States (13.4%), the European Union (3.3%), Vietnam (23.6%), and Japan (6.5%) saw an increase in export value. According to calculations, South Korea's export share to the top three exporting countries (China, the United States, and the European Union) is 48.2%.
Data shows that as of July, South Korea's exports to China reached 7.7 billion US dollars, surpassing its exports to the United States of 6.5 billion US dollars.
In terms of imports, from July 1st to 20th, South Korea's imports amounted to 37.221 billion US dollars, a year-on-year increase of 14.2%. The import value of products such as crude oil (40.0%), semiconductors (15.5%), and natural gas (31.1%) increased, while the import value of semiconductor manufacturing equipment (-3.6%) and coal (-29.9%) decreased year-on-year.
Divided by country, South Korea's imports from China (6.7%), the United States (61.8%), the European Union (5.0%), and Japan (7.9%) increased, while imports from Australia (-12.9%) decreased.
During this period, the trade deficit was $50 million.
By region, China (20.4%), the United States (13.4%), the European Union (3.3%), Vietnam (23.6%), and Japan (6.5%) saw an increase in export value. According to calculations, South Korea's export share to the top three exporting countries (China, the United States, and the European Union) is 48.2%.
Data shows that as of July, South Korea's exports to China reached 7.7 billion US dollars, surpassing its exports to the United States of 6.5 billion US dollars.
In terms of imports, from July 1st to 20th, South Korea's imports amounted to 37.221 billion US dollars, a year-on-year increase of 14.2%. The import value of products such as crude oil (40.0%), semiconductors (15.5%), and natural gas (31.1%) increased, while the import value of semiconductor manufacturing equipment (-3.6%) and coal (-29.9%) decreased year-on-year.
Divided by country, South Korea's imports from China (6.7%), the United States (61.8%), the European Union (5.0%), and Japan (7.9%) increased, while imports from Australia (-12.9%) decreased.
During this period, the trade deficit was $50 million.