South Korea's exports continued their winning streak in February, marking nine consecutive months of growth driven by booming semiconductor sales. The country's shipments overseas jumped 29% compared to last year, surpassing economist predictions.
South Korea has achieved its ninth consecutive month of export growth in February, with overseas shipments powered by robust semiconductor sales despite growing concerns about potential U.S. trade tariffs.
The Asian nation, which serves as an important indicator of worldwide commerce trends, saw its February exports climb 29.0% compared to the same period last year, reaching $67.45 billion according to official trade figures. This performance exceeded analysts’ expectations, who had predicted a more modest 24.0% increase in a Reuters survey.
Meanwhile, the country’s imports rose at a more measured pace of 7.5%, falling short of the 13.0% growth rate that economists had anticipated.
February’s preliminary trade surplus totaled $15.51 billion.
The trade ministry highlighted the exceptional performance of the technology sector in an official statement: “Semiconductor exports jumped 160.9% to again record their highest monthly performance ever and exceeded $20 billion in value for three consecutive months, driven by strong demand thanks to AI investment and a surge in memory prices.”
The continued export momentum demonstrates South Korea’s position as Asia’s fourth-largest economy and its role as a key player in global technology markets.
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