South Korea's exports surged by more than 50 percent in the first 20 days of July, driven primarily by strong global demand for semiconductors amid the rapid growth of artificial intelligence (AI) technologies, according to official data released Tuesday.

The Korea Customs Service reported that exports during the July 1-20 period reached $54.9 billion, marking a 52.3 percent increase compared to $36 billion in the same period last year. Imports also rose 20 percent year-on-year, reaching $42.7 billion, resulting in a trade surplus of $12.2 billion. This robust trade performance underscores the resilience of Asia's fourth-largest economy amid ongoing global economic uncertainties.

Semiconductors emerged as the leading factor behind the export growth, with shipments abroad soaring 180 percent to $22.1 billion. This surge reflects sustained investment in AI infrastructure and data centers that has stimulated demand for advanced memory chips and other semiconductor components produced by South Korea’s major manufacturers.

Other sectors also contributed to the export increase. Petroleum product exports rose 33.4 percent to $3.41 billion, supported by higher global energy demand and increased export values. Ship exports climbed 70.8 percent to $2.44 billion, demonstrating continued strength in South Korea’s competitive shipbuilding industry. Steel exports also grew, rising 11.1 percent to $2.46 billion.

However, the automotive sector experienced a decline, with exports falling 10.6 percent year-on-year to $3.24 billion, indicating uneven performance within the country’s manufacturing industries.

Overall, the data points to a strong start to July for South Korea’s trade, largely fueled by advances in technology and increased energy needs worldwide.