South Korea's Trade Performance in July

In a recent report released by South Korea's Ministry of Trade, Industry and Energy, the country celebrated a $6.61 billion trade surplus for July. This marks a slight decrease from June's surplus of $9.08 billion, yet underscores the nation's robust export economy.

Export and Import Figures

Exports witnessed a notable 5.9% increase year-on-year, reaching $60.8 billion, while imports saw a modest rise of 0.7% to $54.2 billion. Among the standout performers, semiconductor exports soared by 31.6% to $14.71 billion, highlighting the sector's pivotal role in the country's trade dynamics.