Moreover, the manufacturing industry was 1.64 billion US dollars, a year-on-year increase of 267%. Among them, investment in food (594.1%), mechanical equipment and medical precision instruments (487%), transportation machinery (98.1%), and semiconductors (370.7%) increased significantly.
Moreover, 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.