South Korea's exports grew by 72.5% in August, with a trade surplus reaching $34.7 billion
2026-09-01 09:04:57
According to CoinMeta, data released by the South Korean customs on Tuesday shows that after adjusting for weekday differences, South Korea's exports in August increased by 72.5% year-on-year, imports grew by 22.5%, and the trade surplus reached $34.7 billion. Unadjusted exports increased by 68.7%, with the growth rate for July revised to 63%. Semiconductors were the main driver of South Korea's export growth. The data indicates that external demand remains resilient, supporting the South Korean central bank's decision to raise interest rates by 25 basis points for the second consecutive time last week.
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Source:Internet
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