South Korea exports hit record high

South Korea's exports in September increased by 83.5% year-over-year, reaching a record high of $120.9 billion, driven mainly by a significant surge in semiconductor shipments, which exceeded $60 billion for the first time in history. Exports to China also rose by 123% to reach $26 billion, and to the United States by 137% to reach $24.33 billion, while auto exports decreased by 5.5%. The country recorded an unprecedented trade surplus of $49.8 billion, with imports rising by 26% to $71.1 billion, reflecting the strength of the technology sector and the country’s economic growth during a period of recovery from global economic challenges.

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