According to the latest report, South Korea, which has two major semiconductor manufacturers, Samsung Electronics and SK Hynix, is an important supplier of semiconductor products in the world, and semiconductors are also an important export product of South Korea.
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Moreover, South Korean media reported that citing data from the South Korean Ministry of Trade, Industry, and Energy, in the past March, the export value of South Korean semiconductor products reached a record high of 13.12 billion U.S. dollars.
In addition to semiconductor products, South Korean petrochemical exports also hit a new record in March. South Korea’s petrochemical exports totaled $5.42 billion in March, data from South Korea’s Ministry of Trade, Industry and Energy showed.
Furthermore, South Korea’s overall exports also hit a new high in March, driven by record exports of semiconductors and petrochemicals. South Korea’s Ministry of Trade, Industry, and Energy data showed that South Korea’s exports in March were US$63.48 billion, an increase of US$9.79 billion from US$53.69 billion in the same period last year.
The export value of US$63.48 billion in March was the highest monthly export value of South Korea since the relevant data was released in 1956. The previous highest month was in December last year when the monthly export value was US$60.7 billion.
