South Korea's exports exceeded $1.2 trillion for the first time last month, setting a new record. The cumulative export amount for the third quarter surpassed $800 billion, already exceeding last year's total. The trade balance also exceeded $40 billion for the first time.
According to the Ministry of Trade, Industry and Energy and the Korea Customs Service, the export amount for September reached $1,209.44 billion, a 83.5% increase compared to the previous year. South Korean exports have shown growth for 16 consecutive months. Notably, this is the first time monthly exports have surpassed $1.2 trillion.
The cumulative export amount for the third quarter was $814.53 billion, reflecting a 56.8% increase from the previous year. This figure has already surpassed last year's total export amount of $709.4 billion.
Imports rose by 19.7% to $710.92 billion. The cumulative import amount from January to September reached $562.06 billion, also a 19.7% increase from the previous year.
In September, the trade balance recorded a surplus of $49.85 billion, an increase of $40.37 billion. This marks the first time the trade surplus has exceeded $40 billion. Consequently, the cumulative trade surplus from January to September stands at $252.48 billion.
* This article has been translated by AI.
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