Close Menu
    ME Daily Mail: The Middle East, delivered daily.ME Daily Mail: The Middle East, delivered daily.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    ME Daily Mail: The Middle East, delivered daily.ME Daily Mail: The Middle East, delivered daily.
    Home » South Korea exports reach record US$102.25 billion in June
    Business

    South Korea exports reach record US$102.25 billion in June

    July 2, 2026
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    SEOUL, SOUTH KOREA / MENA Newswire / – South Korea’s exports topped US$100 billion in a single month for the first time in June, setting a national record as semiconductor shipments nearly tripled. The Ministry of Trade, Industry and Resources said exports rose 70.9% from a year earlier to US$102.25 billion. Imports climbed 30.1% to US$66.10 billion. The result gave Asia’s fourth-largest economy a monthly trade surplus of US$36.15 billion, also a record for the country.

    South Korea exports reach record US$102.25 billion in June
    South Korea’s record June exports highlight the role of chips in global trade growth.

    The June figure made South Korea the fourth country to pass US$100 billion in monthly exports, after Germany, China and the United States. Average daily exports, adjusted for working days, rose 59.5% to US$4.54 billion. That also marked a record for a second straight month. The milestone showed the scale of Korea’s trade rebound in 2026, after strong gains in high-value technology goods and wider growth across most major export categories.

    Semiconductors led the increase, rising 199.5% to US$44.82 billion. Chip exports topped US$40 billion for the first time in a month, helped by demand for memory products and higher contract prices. Computer exports jumped 308.8% to US$5.41 billion, with solid state drives among the main contributors. Wireless communication devices rose 51.9% to US$1.55 billion. Overall, 18 of Korea’s 20 major export items posted gains in June.

    Technology shipments power record trade month

    Other industries also added to the record total. Automobile exports rose 5.8% to US$6.71 billion, while ship exports increased 12.9% to US$2.83 billion. Petroleum products climbed 49.8% to US$5.59 billion, and petrochemicals gained 18.8% to US$4.07 billion. Steel exports rose 9.6% to US$2.14 billion, turning positive for the first time in 14 months. General machinery also returned to growth, rising 7.5% to US$4.08 billion.

    Consumer and industrial product categories showed further gains. Biohealth exports rose 14.1% to US$1.92 billion, a record for June. Cosmetics exports increased 42.5% to US$1.34 billion. Agricultural and fisheries products advanced 16.8% to US$1.17 billion, supported by processed food exports such as ramen and seasoned laver. Nonferrous metals climbed 45.8% to US$1.82 billion, helped by higher prices and volumes for copper and aluminum.

    China and U.S. demand lift regional totals

    By destination, exports rose in seven of South Korea’s nine major markets. Shipments to China increased 92.1% to US$20.03 billion, marking an eighth straight month of growth. Exports to the United States rose 78.6% to US$20.02 billion. ASEAN-bound exports grew 86.6% to US$18.30 billion, setting an all-time monthly record for a fifth consecutive month. Exports to the European Union rose 31.8% to US$7.62 billion, while shipments to the Middle East fell 8.4% to US$1.80 billion.

    For the first half of 2026, exports rose 48.4% to US$496.7 billion, the highest first-half total on record. Semiconductor exports reached US$192.4 billion in the six-month period, already above the previous full-year record of US$173.4 billion set in 2025. Imports rose 16.6% to US$358.4 billion. The Ministry of Trade, Industry and Resources reported a first-half trade surplus of US$138.3 billion, up US$110.9 billion from the same period last year.

    Related Posts

    Rising Diesel Costs Driven by Limited US and European Fuel Supplies, Tight Market Conditions Persist

    August 12, 2026

    Gold Surges Past $4,400 as U.S. Inflation Data Comes into Focus, Markets Watch Closely

    August 11, 2026

    Denmark’s July Consumer Price Index Grows 1.3%, Inflation Rate Shows Signs of Easing

    August 11, 2026

    Extreme heat could cut EU economic growth in 2026

    August 11, 2026

    Rising Temperatures Drive Up Food Costs in South Korea, Amidst Record Heatwaves

    August 10, 2026

    South Korea Experiences Rising Food Costs Due to Record-breaking Heat, Supply Disruptions

    August 10, 2026
    Latest News

    Gothenburg Gains Direct Nonstop Flights from Abu Dhabi, Etihad Launches Seasonal Service

    August 13, 2026

    Etihad Airways will commence a seasonal nonstop route connecting Abu Dhabi and Gothenburg starting December 17, 2026. Operating four times weekly, the flights will continue until March 21, 2027. This new service links Zayed International Airport with Göteborg Landvetter Airport during the winter travel season. Tickets are currently available through the airline’s booking platforms. New seasonal flights will connect Abu Dhabi directly with Gothenburg from December. This route marks the first direct air connection between western Sweden and the United Arab Emirates. Etihad describes it as Gothenburg’s inaugural nonstop link to the Middle East and Asia. Passengers can connect via Abu Dhabi to destinations across South Asia, Southeast Asia and East Asia, including Bangkok, Phuket, Krabi, Singapore, Hanoi, Bali, Shanghai, Taipei, Bengaluru and Colombo. The new route also provides direct access to western Sweden for travelers from the UAE. The flights will be operated using an Airbus A321LR, which accommodates up to 160 passengers. The aircraft’s cabin features two First Suites, 14 Business seats, and 144 Economy seats. The First and Business Class seats convert into fully flat beds and provide direct aisle access. Economy travelers enjoy 13.3-inch 4K touchscreen entertainment systems, while high-speed Wi-Fi is available throughout the aircraft. Thanks to the aircraft’s long-range capability, Etihad can offer three cabin classes on this Gothenburg route. Enhanced international connectivity

    International Youth Day 2026 Highlights Youth Engagement and Development, Calls for Greater Inclusion

    August 13, 2026

    Youth Addiction Cases Continue to Advance as Meta and TikTok Lose Legal Challenges

    August 12, 2026

    UN Highlights Increasing Online Information Dangers for Children, Calls for Enhanced Safeguards

    August 12, 2026

    Rising Diesel Costs Driven by Limited US and European Fuel Supplies, Tight Market Conditions Persist

    August 12, 2026

    Japan launches Michibiki No. 7 satellite aboard H3 rocket

    August 12, 2026

    Gold Surges Past $4,400 as U.S. Inflation Data Comes into Focus, Markets Watch Closely

    August 11, 2026

    Denmark’s July Consumer Price Index Grows 1.3%, Inflation Rate Shows Signs of Easing

    August 11, 2026
    © 2026 ME Daily Mail | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.