Korea’s exports in March amounted to US $58.28 billion, up 3.1% year-on-year. The export of semiconductors, the nation’s largest export product, recorded an amount close to the highest-ever March performance, while automobile exports also continued to increase, leading the export performance in March.

Automobile exports increased by 1.2% year-on-year to $6.2 billion. However, exports of electric vehicles (EVs) decreased significantly due to the global chasm (temporary stagnation in demand) for EVs; but exports of hybrid vehicles and internal combustion engine vehicles increased, leading to an increase in overall exports.

Ship exports increased by 51.6% year-on-year to $3.2 billion. This is the highest performance in 15 months since December 2023 ($3.7 billion). However, exports of steel (-10.6%) and petroleum products (-28.1%) decreased significantly.

Korean exporters are continuing to actively challenge overseas markets to increase their gradual growth of exports in the second quarter of this year, maintaining their growth drivers in the global market in the first quarter.

K-Tech Global is a competitive company and exporter of manufacturing components for heat exchangers. K-Tech Global is exporting its products mostly to oil-producing countries such as the UAE, Saudi Arabia, Kuwait, Singapore, Thailand, Malaysia, the USA, and Mexico. WONIK PNE manufactures and supplies facilities for battery-production lines and test equipment to global markets.

 
 
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