Sunday 01 Nov 2026
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SEOUL (Nov 1): South Korea's exports nearly doubled in October from a year earlier, beating market expectations and marking the sharpest jump in more than 50 years, trade data showed on Sunday.

Exports from Asia's fourth-largest economy, a bellwether for global trade, rose 93.7% last month to US$115.28 billion (RM467.8 billion), slightly higher than a median 93.2% rise forecast in a Reuters poll of economists.

The increase, boosted by favourable calendar effects of more working days due to the timing difference in local Chuseok holidays, beat September's 83.7% gain and was the strongest since January 1974.

Overseas sales of semiconductors jumped 259.4% as prices and volume remained high on continued facility investment by global big tech firms in the competition for artificial intelligence industry leadership, the trade ministry said.

Computer sales surged 496.6% on increasing server demand for AI services.

Imports rose 36.0% to US$72.78 billion, after rising 26.0% in September, to post the biggest annual increase since January 2022.

The country's monthly trade balance stood at a surplus of US$42.50 billion, narrower than a record US$49.97 billion surplus in the previous month.

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