Wedoany.com Report-Oct. 20, South Korea's exports reached a new quarterly high of $185 billion in July-September, driven by strong demand for semiconductors and automobiles, the Ministry of Trade, Industry and Resources announced on Monday. In the first nine months of 2025, the country exported goods worth $519.7 billion, up 2.2% from the same period last year.

Containers are stacked at a port in Pyeongtaek, Gyeonggi Province

The ministry highlighted that exports have increased year-on-year for four consecutive months since June, supported by semiconductors, automobiles, biohealth products, and ships. Semiconductor exports totaled $119.7 billion from January to September, while auto exports reached $54.1 billion, both marking record highs for the period.

Other sectors also posted strong results. Cosmetics exports rose to $8.5 billion and agro-fisheries products reached $9.3 billion, benefiting from the growing global popularity of Korean culture. These gains reflected the diversification of South Korea’s export portfolio and rising international demand for high-value products.

However, exports of petroleum and petrochemical products declined due to lower global oil prices. Steel and machinery shipments also fell, partly affected by 50% U.S. tariffs on steel imports and related derivatives. Despite these challenges, companies continued to expand overseas markets and improve product competitiveness, supporting overall export growth.

First Vice Industry Minister Moon Shin-hak commented: “Despite challenging trade conditions, such as U.S. tariff measures and the spread of protectionism, Korea's exports increased thanks to companies' efforts to diversify export markets and strengthen product competitiveness.”

Moon added that the government is engaged in talks with the U.S. to conclude tariff negotiations under the principle that national interests come first. He emphasized that authorities will continue working with private industries to maintain export momentum in the fourth quarter and enhance South Korea’s industrial competitiveness.

The ministry’s report underscores South Korea’s resilience in global trade, highlighting the strategic role of high-tech products and cultural exports in driving growth. While traditional sectors such as steel and petrochemicals face headwinds, the performance of semiconductors, automobiles, and biohealth products demonstrates the country’s ability to adapt to changing market conditions.

Looking ahead, the government and industry aim to sustain export momentum through ongoing market diversification, product innovation, and strengthened industrial competitiveness, ensuring South Korea remains a leading player in global trade despite external uncertainties.

Overall, South Korea’s strong quarterly export performance reflects both robust industrial output and effective government-industry coordination, positioning the country for continued growth in high-value sectors while managing challenges in traditional export segments.