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South Korea's exports rise 8.4 percent in November

[01/12/2025 05:06]

SEIUL-SABA
South Korea's exports increased 8.4 percent last November compared to the earlier year, exceeding 61 billion US dollars, continuing their sixth consecutive month of growth, thanks to strong demand for semiconductors.

Outbound shipments came to $61.04 billion last month, the highest for any November, according to the data compiled by the Ministry of Trade, Industry and Resources.

While imports increased 1.2 percent year-on-year to 51.3 billion US dollars, making a trade surplus of 9.73 billion US dollars.

Accumulated exports from January to November of this year made $640.2 billion, the highest for the stated period.

Semiconductor exports jumped by 38.6 percent to reach an all-time high of $17.26 billion last month, driven by the continued rise in memory chip prices amid strong demand for high-value products for data centers.