South Korea's exports top $80 billion for second straight month

by Kim Dong-young Posted : May 1, 2026, 12:59Updated : May 1, 2026, 12:59
Containers stacked at Pyeongtaek Port in Gyeonggi province AJP Han Jun-gu
Containers stacked at Pyeongtaek Port in Gyeonggi province/ AJP Han Jun-gu
 
SEOUL, May 01 (AJP) - South Korea's exports surged 48 percent year-on-year in April to $85.89 billion, breaching the $80 billion threshold for a second consecutive month as a semiconductor supercycle powered by global artificial intelligence investment continued to underpin the trade-dependent economy.

The Ministry of Trade, Industry and Energy reported Friday that the April figure trailed only the all-time high of $86.6 billion set in March, making it the second-largest monthly tally on record.

Imports rose 16.7 percent to $62.11 billion, yielding a trade surplus of $23.77 billion and extending the country's streak of monthly surpluses to 15.

Chip shipments drove the bulk of the gains.

Semiconductor exports soared 173.5 percent to $31.9 billion, eclipsing the $30 billion mark for a second month in a row on surging demand for high-bandwidth memory, DDR5 and NAND flash used in AI server infrastructure. Computer exports also rocketed 515.8 percent to $4.08 billion, propelled by brisk enterprise demand for solid-state drives.

Rising crude oil prices stemming from the prolonged Middle East conflict lifted petroleum product exports by 39.9 percent to $5.11 billion, though analysts noted the increase was driven largely by unit-price gains rather than higher volumes. Automobile shipments, by contrast, slipped 5.5 percent amid logistics disruptions in the Middle East and the overhang of U.S. tariff measures.

By destination, exports to China jumped 62.5 percent on robust appetite for semiconductors and IT products, while shipments to the United States climbed 54 percent on the strength of chips and computers. Exports to the Middle East, however, tumbled 25.1 percent as the war disrupted trade routes.

"South Korea saw its monthly exports surpass the $80 billion mark, along with a trade surplus of over $20 billion, for the second straight month for the first time in history in April even amid the persisting conflict in the Middle East," said Kim Jung-kwan, Minister of Trade, Industry and Resources.

Analysts cautioned that the export boom remains heavily tethered to semiconductors and elevated oil prices, leaving it vulnerable to additional U.S. tariffs, a protracted Middle East war and a broader global slowdown in the second half of the year.