Export Performance in Mid-July Shows Mixed Results

Despite a notable increase in semiconductor exports, the overall export figures for mid-July have experienced a 2% decline. Exports to the United States also saw a decrease of 2%, highlighting a challenging period for international trade.

Detailed Export and Import Statistics

According to the Korea Customs Service, exports from July 1-20, 2025, totaled $36.1 billion, marking a 2.2% decrease compared to the previous year. Imports fell by a sharper 4.3% to $35.6 billion, resulting in a trade surplus of $500 million.

Daily Export Figures and Sector Performance

The average daily export amount adjusted for working days was $2.33 billion, up by 4.1% year-over-year. However, this growth rate represents a slowdown from the 9.5% increase observed in early July.

Key Export Sectors: Semiconductors (16.5% increase), passenger cars (3.9% increase), and ships (172.2% increase) were among the few sectors that saw growth. Conversely, petroleum products, steel products, auto parts, and wireless communication devices experienced declines.

Export Trends by Country

Exports to China, the United States, and Japan decreased, while shipments to the European Union, Vietnam, and Taiwan saw positive growth, with Taiwan leading at a 29.9% increase.