South Korea’s manufacturing sector is experiencing a renaissance following the US summit, with major firms signing 11 MOUs in key industries, but experts warn that heavy reliance on US exports poses long-term risks and urge diversification to sustain growth.
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South Korea-US Summit Spurs Manufacturing Renaissance—Export Dependence on US Remains a Challenge
South Korea’s manufacturing sector is experiencing a renaissance following the US summit, with major firms signing 11 MOUs in key industries, but experts warn that heavy reliance on US exports poses long-term risks and urge diversification to sustain growth.
July ICT Exports Up 14.5%—Semiconductor Shipments Hit Record High Amid Tariff Uncertainty
South Korea’s ICT exports surged 14.5% year-on-year in July to a record $22.19 billion, driven by robust semiconductor demand and AI-related investments, despite ongoing US tariff uncertainties.
China’s July Exports Rise 7.2% Despite US Tariffs, Beating Market Expectations (Update)
China’s exports rose 7.2% year-on-year in July, beating forecasts despite US tariffs, as robust shipments to the EU and ASEAN offset a sharp decline in US-bound exports.
China Posts $98.2 Billion Trade Surplus in July, Missing Expectations
China's July trade surplus reached $98.2 billion, falling short of market forecasts and signaling ongoing challenges for the world's second-largest economy.
Semiconductors Lead, Ship Exports Push July Trade to Record $60.82 Billion
South Korea’s July exports hit a record $60.82 billion, led by semiconductors and ships, with trade surplus at a six-year high despite U.S. tariff headwinds.
South Korea’s exports climbed 5.9% year-on-year in July to a record $60.82 billion, led by strong semiconductor and automobile shipments, surpassing market expectations and posting the largest July trade surplus since 2018.
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July Exports Hit Record $60.82 Billion, Up 5.9%—Highest Ever for July
South Korea’s exports climbed 5.9% year-on-year in July to a record $60.82 billion, led by strong semiconductor and automobile shipments, surpassing market expectations and posting the largest July trade surplus since 2018.
South Korea’s exports are set to rise for a second month in July, driven by strong semiconductor and vessel shipments, with the trade surplus extending to six months amid ongoing tariff uncertainties.
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Exports Fall 2.2% in July 1–20; Daily Average Exports Rise 4.1% (Comprehensive)
South Korea’s exports fell 2.2% year-on-year in the first 20 days of July, but daily average exports rose 4.1% on strong semiconductor and ship shipments, while imports dropped 4.3%, resulting in a $500 million trade surplus.
Exports Fall 2.2% in July 1–20; Trade Surplus at $500 Million
South Korea's exports declined 2.2% in the first 20 days of July, while the nation posted a $500 million trade surplus, signaling ongoing trade challenges.
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