Rebound in Early May Exports

South Korean exports in early May rose 2.8% on a per-workday basis, driven by a surge in semiconductor shipments and strong demand from China and Taiwan.

Key Takeaways

• 1.South Korea's per-workday exports for the first 20 days of May rebounded by 2.8% month-on-month (seasonally adjusted).
• 2.Semiconductors remain the primary driver of export growth, accounting for approximately half of the sequential headline increase.
• 3.Geographical demand was strongest from Taiwan and Mainland China, which together contributed to 40% of the export gains.

Table of Contents

• Bottom line
• Key numbers
• Main points
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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