South Korea’s exports continued to gain momentum in July, supported by strong semiconductor demand as the global artificial intelligence boom lifted shipments of advanced chips and related technology products.
Exports rose 62.8% from a year earlier to US$98.89 billion, marking the second-largest annual increase since the current export surge began in mid-2025. Semiconductors remained the key driver, with shipments jumping 179% as demand for memory chips strengthened.
The technology sector also provided further support. Computer exports surged 404% as companies expanded investment in AI infrastructure, while shipments to major markets gained pace. Exports to China rose 96%, while those to the United States increased 69%.
Imports climbed 26.5% to US$68.56 billion, leaving South Korea with a trade surplus of US$30.32 billion. The figures highlight the country’s continued dependence on the semiconductor industry, which has become a central force behind its export recovery.
Bloomberg reported that the ongoing chip boom is extending South Korea’s export momentum, with demand for advanced memory products remaining a major source of growth.
Despite the strong performance, the outlook remains tied to the durability of global AI investment. Analysts have warned that some of the recent gains have been supported by higher chip prices, making future growth dependent on sustained demand rather than price increases alone.
