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On Thursday, South Korea's Customs Service unveiled data revealing that the nation's exports during the first 20 days of July soared by 7.6% year-on-year, totaling $35.5 billion. This robust growth was primarily fueled by strong demand for semiconductors and automobiles. Notably, the average daily export volume mirrored this trend, increasing by 7.6%, despite the number of working days remaining consistent with last year at 14.5 days. Concurrently, imports rose by 0.4% to $34.7 billion, resulting in a trade surplus of $800 million. Specifically, semiconductor exports stood out, reaching $8.71 billion, a 29.5% year-on-year increase, and accounting for 24.5% of total exports. This represented a 4.2 percentage point jump compared to the same period last year.
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