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South Korea: October exports reach $115.28 billion

South Korean exports reached $115.28 billion in October 2026, up 93.7% from a year earlier, according to ministry figures released on 1 November. Imports rose 36% to $72.78 billion.

Busan port, archive photograph.
Busan port, photograph uploaded in September 2005. Archive illustration; it does not show October 2026 trade. — (WT-en) Jpatokal / Wikimedia Commons — CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/ — archives mises en ligne en septembre 2005, sans modification.

The trade balance consequently showed a $42.5 billion surplus. Semiconductor exports increased 259% year on year, compared with 34% for other products, according to the ministry.

Cumulative exports for January–October totalled $930 billion. The ministry expects to cross the $1 trillion annual threshold in November. That remains a target for a period just beginning, rather than an amount already reached.

Sources 3