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South Korea Posts Record February Exports on Chip Boom

Soaring chip demand linked to AI investment pushed the trade balance sharply higher.

Overview

  • Exports rose 29.0% year over year to $67.45 billion, the highest February total on record, according to official data.
  • Semiconductor shipments jumped 160.8% to $25.16 billion and topped $20 billion for a third straight month on stronger AI-driven demand and higher memory prices.
  • Imports increased 7.5% to $51.94 billion, yielding a $15.51 billion trade surplus and marking a 13th consecutive month in the black.
  • Overall outbound shipments extended their growth streak to nine months, with average daily exports up 49.3% despite three fewer working days.
  • Sales to key markets strengthened, including the United States (+29.9% to $12.85 billion), China (+34.1% to $12.75 billion), ASEAN (+30.4% to $12.47 billion) and the European Union (+10.3% to $5.6 billion).