[Anchor]
Last month, our exports hit a record high of $57.9 billion, the highest ever recorded since August.
For the 11th consecutive month, our exports have increased compared to the same period last year, with semiconductors playing a significant role in driving up exports.
Let’s connect with our field reporter to delve into the details.
Reporter Hwang Bo-hye, how much did our exports increase last month?
[Reporter]
The Ministry of Trade, Industry, and Energy announced last month’s export figures.
In August, exports increased by 11.4% to $57.9 billion compared to the same period last year.
This marks the highest-ever record as of August with positive growth for 11 consecutive months.
Imports also rose by 6% to $54.1 billion.
The trade surplus stood at $3.8 billion, marking a surplus for the 15th consecutive month since June last year.
[Anchor]
Did semiconductor exports also show a significant increase?
[Reporter]
Yes, last month’s semiconductor exports reached $11.9 billion.
This is close to a 39% increase compared to the previous year.
It marks the highest export amount ever recorded as of August with positive growth for 10 consecutive months.
However, the automotive sector recorded a 4.3% decrease to $5.1 billion due to a decline in operating rates resulting from modernization efforts at some companies and wage negotiations.
In terms of countries, exports to China exceeded $10 billion for the sixth consecutive month.
Exports to the United States achieved a record high for the 13th consecutive month.
The Ministry of Trade, Industry, and Energy stated that the first half of this year saw a 9.1% increase in our country’s export growth rate, the highest among the top 10 global exporting countries.
That’s all for the economic news update.
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