Data released by South Korea's Ministry of Trade, Industry and Energy on Wednesday shows that chip exports in 2024 increased by 43.9% year-on-year, reaching $141.9 billion, setting a new record, surpassing the previous record of $129.2 billion set in 2022. Despite the overall decline in global Semiconductor prices, strong demand for high-end products, including high bandwidth memory chips, drove the robust performance of overall exports. In terms of destination, exports to the largest trading partner China grew by 6.6% to $133 billion, mainly driven by exports of chips, petrochemical products, and mobile devices. Exports to the USA increased by 10.5%, reaching $127.8 billion, marking a new annual high for the seventh consecutive year.
2024年韩国芯片出口飙升43.9%，创历史新高
In 2024, South Korea's chip exports soared by 43.9%, reaching an all-time high.
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