South Korea's Exports Surpass 2025 Record, Exceeding $709 Billion

President Lee Jae Myung announced on social media that South Korea's cumulative exports for the current year have surpassed the previous annual record set in 2025. As of September 5, 2026, exports reached $709.4 billion, exceeding the 2025 annual record of $709.3 billion.

Lee shared a report from Korea Customs Service Commissioner Lee Jong-wook, who noted that despite an uncertain global trade environment, including rising protectionism and supply chain restructuring, South Korea's exports continue to show remarkable growth. The customs chief projected that annual exports could reach $1 trillion around early December, citing the performance of countries like the United States, China, and Germany which have already achieved this milestone.

Data from the government indicated significant growth in key export sectors. Semiconductor exports rose by 169.6 percent year-on-year during the first eight months of 2026. Other major products, including computer peripherals, petroleum products, wireless communication devices, and ships, also experienced substantial growth.

In light of these strong export figures, particularly driven by demand for AI-related infrastructure, the Bank of Korea has revised its 2026 growth forecast for South Korea upward to 3.3 percent.