financetom
Technology
financetom
/
Technology
/
South Korea April exports surprisingly rise on robust chip demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
South Korea April exports surprisingly rise on robust chip demand
May 25, 2025 11:03 PM

SEOUL (Reuters) -South Korea's exports surprisingly rose in April, led by strong chip sales, trade data showed on Thursday, although the auto sector was weighed by U.S. tariffs.

Exports out of Asia's fourth-largest economy stood at $58.21 billion in April, up 3.7% from a year earlier. That was faster than a rise of 3.0% in March and the biggest percentage gain in four months.

It beat a median 2.0% loss projected in a Reuters poll, in which 19 of 22 economists expected exports to fall, and even topped the highest forecast of a 0.9% rise.

South Korea is the first major exporting economy to report trade figures each month, providing an early look at the state of global trade.

U.S. President Donald Trump imposed 25% tariffs on auto imports from April 3, after introducing 25% duties on steel imports from March 4. His 10% blanket tariffs also took effect from April 5, while higher "reciprocal" tariffs on major countries, including 25% duties on South Korea, are currently paused for 90 days.

By product, exports of semiconductors rose 17.2%, the biggest jump in four months, while steel products also gained 5.4%, snapping three months of losses.

Automobiles fell 3.8%, but auto parts rose 3.5%, while wireless communication devices and biopharmaceutical products also climbed 26.5% and 21.8%, respectively.

Shipments to the United States fell 6.8%, but those to China rose 3.9%. Exports to the European Union jumped 18.4% to a record high of $6.7 billion.

Imports fell 2.7% to $53.32 billion, after rising 2.3% in the previous month.

The country posted a trade surplus of $4.88 billion in April, slightly narrower than $4.92 billion in March.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Samsung Elec signs $16.5 billion contract to supply semiconductors
Samsung Elec signs $16.5 billion contract to supply semiconductors
Jul 27, 2025
SEOUL (Reuters) -Samsung Electronics ( SSNLF ) said on Monday it has signed a contract valued at $16.5 billion to supply semiconductors to a major global corporation. The world's biggest memory chipmaker said in the regulatory filing the deal signed on Saturday was for contract chip manufacturing and said details of the agreement including the counterpart and terms would not...
Trump's $550 Billion Japan Trade Deal Could Benefit Taiwanese Chip Giants Like TSMC's US Expansion—If It Aligns With Tokyo's Interests
Trump's $550 Billion Japan Trade Deal Could Benefit Taiwanese Chip Giants Like TSMC's US Expansion—If It Aligns With Tokyo's Interests
Jul 27, 2025
On Saturday, Japan's top trade official said the country's new $550 billion investment package with the U.S. could help finance Taiwanese chipmakers like Taiwan Semiconductor Manufacturing Co. ( TSM ) as they build semiconductor plants in America. What Happened: Japan's chief trade negotiator Ryosei Akazawa told public broadcaster NHK that Tokyo's sweeping U.S.-bound investment initiative could extend to foreign firms...
US expects to result of probe into chip imports in two weeks
US expects to result of probe into chip imports in two weeks
Jul 27, 2025
TURNBERRY, Scotland (Reuters) -The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result...
US expects to result of probe into chip imports in two weeks
US expects to result of probe into chip imports in two weeks
Jul 27, 2025
TURNBERRY, Scotland (Reuters) -The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result...
Copyright 2023-2026 - www.financetom.com All Rights Reserved