South Korea July Exports Jump Nearly 63% To Second-Highest On Record

South Korea's exports surged nearly 63% year-over-year in July to $98.89 billion, the second-highest monthly total on record, driven primarily by a 179% jump in semiconductor exports to $41 billion and strong demand across several sectors including automobiles, petroleum products, and mobile devices. Exports to major regions including China, the U.S., Southeast Asia, and the EU also saw significant increases, while the government noted risks from protectionism and geopolitical uncertainty.

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