Seoul: South Korea's monthly exports soared 68.7 percent in August from a year earlier on solid chip shipments, data showed Tuesday. Outbound shipments came to US$98.25 billion in August, according to the Ministry of Trade, Industry and Resources. According to Yonhap News Agency, imports climbed 22.6 percent on-year to $63.51 billion, resulting in a trade surplus of $34.75 billion. The surge in exports was primarily driven by strong demand for South Korean semiconductor products, which continue to be a significant contributor to the nation's trade performance. This growth in exports highlights the resilience of the South Korean economy amidst global market fluctuations.
S. Korea’s Monthly Exports Surge 68.7 Pct in August on Strong Chip Shipments
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