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.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

Korean Exporters Taking Big-Steps For 2025

Recording the best exports ever last year

Korea’s exports rose by 8.2% year-on-year to US$683.8 billion, while imports decreased by 1.6% to $632 billion. The trade balance thus recorded a surplus of $51.8 billion, breaking the record for the largest export volume ever.
The top contributor to exports is semiconductors, which recorded the highest export volume ever, and exports of all IT items, including wireless communication devices, displays, and computers, showed consistently good performance.

Exports of semiconductors, the largest export item, increased by 43.9% to $141.9 billion, continuing the 14-month consecutive increase since November 2023 and breaking the previous record of $129.2 billion in 2022 in two years. In particular, in the fourth quarter, despite the decline in general memory prices, exports expanded, focusing on high value-added items such as DDR5 and HBM, leading to improved performance.

Exports of all IT items, including wireless communication devices, displays, and computers, also achieved a new record by recording positive figures for the first time in three years since 2021.
Automobile exports recorded $70.8 billion, maintaining a steady level from the previous year, due to some production disruptions caused by strikes in major auto and parts industries in the second half of the year, but continued to record good performances of over $70 billion for two consecutive years.

Ship exports reached $25.6 billion in 2021, with high value-added ships such as LNG carriers and large container ships ordered at high prices being exported in earnest.
In 2025, Korean exporters are seeking to pioneer promising global markets, backed by the competitiveness of their own products.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

Korean Exporters

Korean Exporters

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