Post by : Badri Ariffin

South Korea achieved a historic milestone in exports during the third quarter, with outbound shipments reaching $185 billion, the highest quarterly figure since 2010. The growth was powered largely by a surge in semiconductors, which continue to dominate the nation's export profile.

Exports on the Rise

Compared to the same period last year, overall exports rose 6.5 percent, marking the second consecutive quarter of year-on-year growth following a 2.1 percent increase in Q2. The number of companies engaged in exporting also climbed 4.5 percent to 69,808, signaling broader participation across industries.

Semiconductors and Capital Goods Lead

Capital goods, particularly semiconductors, emerged as the strongest driver, with shipments increasing 11.2 percent to $111 billion. This underlines South Korea’s continuing strength in high-tech manufacturing and global supply chains.

Consumer Goods Bounce Back

After four consecutive quarters of decline, consumer goods exports rebounded, rising 4.9 percent to $23.9 billion, led by automobiles. This revival indicates a stabilizing domestic manufacturing sector meeting global demand.

The third-quarter results reflect both the resilience and diversification of South Korea’s export economy, balancing heavy reliance on tech with renewed momentum in consumer goods.

#Business News #UAE News