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🌏 Korea just posted its first-ever $100bn export month, and one product did nearly all the work

🌏 Korea just posted its first-ever $100bn export month, and one product did nearly all the work

South Korea broke $100bn in monthly exports for the first time in June, with semiconductor shipments nearly tripling to $44.82bn even as factory sentiment cooled to 52.1. India, Brazil, and South Africa's PMI moves had nothing to do with any of it.

Line chart of Korea export growth y/y from Dec 2018 to Apr 2026, with black line for daily average over 20 days and blue line for exports y/y.
South Korea's June exports rose 70.9% year-on-year, beating economist forecasts of 60.9% and powering the largest monthly trade surplus on record. Source

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