Korean Exporters

Korean Exporters Rushing into Promising New Markets, Recording Good Performance

Korea’s August exports increased 1.3% year-on-year to $58.4 billion, marking the third consecutive month of positive growth.
Meanwhile, import/export trade continued its upward trend for the seventh consecutive month, recording a surplus of $6.51 billion, with exports increasing and imports decreasing by 4.0%.
The export performance marks the highest August ever, and marks the third consecutive month since June when monthly exports reached record highs. Taking operating days into account, daily average exports increased by 5.8% to $2.6 billion.
Automobile exports, driven by positive growth in both eco-friendly vehicles, including pure electric vehicles (EVs) and hybrids, and increased used car exports, reached $5.5 billion (+8.6%), the highest August figure ever, continuing growth for the third consecutive month.
Shipbuilding exports also rose 11.8% to $3.14 billion, maintaining positive growth for the sixth consecutive month, driven by continued deliveries of high-priced vessels ordered in 2022 and 2023.

Korean exporters are strategically developing and releasing competitive new items, which are expected to capture keen attention in global markets.

KMIRA recommends promising exporters to global markets
The Korea Measuring Instruments Research Association (KMIRA) recommends promising Korean exporters of measuring instruments, which are continuing their efforts to actively challenge overseas markets in order to gradually increase their export growth in the third quarter of this year.

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