Group 1 - South Korea's exports continued to grow in the first 20 days of November, primarily driven by strong semiconductor demand, despite pressure from high U.S. tariffs on automobiles [1][4] - The adjusted export value increased by 8.2% year-on-year, which is lower than the 14% increase in October [1] - Total imports rose by 3.7%, resulting in a trade surplus of $2.4 billion [1] Group 2 - Semiconductor exports surged nearly 27% due to demand from artificial intelligence and data centers, while automobile exports grew by 23% [4] - However, petrochemical and steel products did not maintain growth due to weak demand and stricter U.S. protectionist measures [4] - A significant tariff agreement was reached between the U.S. and South Korea, capping tariffs on Korean goods at 15%, although the 25% tariff on automobiles remains unchanged for now [4] Group 3 - Exports to the U.S. increased by 5.7%, to China by 10.2%, and to the EU by 4.9%, while exports to Singapore and India decreased by 21.3% and 6.5%, respectively [4] - The data provides insights for the Bank of Korea ahead of its policy meeting on November 27, with expectations that the central bank will maintain interest rates due to the delayed effects of the U.S.-Korea agreement [5]
半导体需求强劲抵消汽车关税压力 韩国11月早期出口增长8.2%
Zhi Tong Cai Jing·2025-11-21 03:16