South Korea exports likely rose for a 16th consecutive month in September, driven by AI chip demand, according to a Reuters poll.
According to CNA Business, South Korea's exports likely rose for a 16th consecutive month in September, up 62.0% from a year earlier, with AI-related chip demand supporting growth; however, the pace may be slower due to fewer working days this year. The report cites a Reuters poll and notes the expected trade surplus and other monthly dynamics.
Key facts
- 01Exports in September are forecast to rise 62.0% year-on-year, the 16th straight monthly increase.
- 02Growth would be the slowest in four months, with September having 21.5 working days versus 24 a year earlier.
- 03In the first 20 days of September before the Chuseok holidays, exports rose 78.3% and semiconductor sales surged 259.4%.
- 04The median forecast expects a monthly trade surplus of $38.15 billion.
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