SEOUL — South Korea’s exports likely rose in September on strong technology demand, with headline growth seen hitting a 13-month high on calendar effects, a Reuters poll found on Monday.
Economists, however, are still concerned about prolonged trade talks with the US as South Korea has yet to sign a written agreement on a preliminary deal reached with President Donald Trump in July.
Exports are forecast to have risen 7.2 percent this month from a year earlier, according to a median forecast of 19 economists, the fastest pace since August 2024, having risen last month by a revised 1.2 percent, their weakest in three months.
In September and October, trade data from Asia’s fourth-largest economy is often distorted by timing differences in the Chuseok thanksgiving holidays. There were 24 working days in September this year, versus 20 last year.
“Export growth may accelerate on the back of record semiconductor shipments, alongside front-loaded shipments before the Chuseok holiday,” Standard Chartered economists said in a note. — SEOUL — South Korea’s exports likely rose in September on strong technology demand, with headline growth seen hitting a 13-month high on calendar effects, a Reuters poll found on Monday.
Economists, however, are still concerned about prolonged trade talks with the US as South Korea has yet to sign a written agreement on a preliminary deal reached with President Donald Trump in July.
Exports are forecast to have risen 7.2 percent this month from a year earlier, according to a median forecast of 19 economists, the fastest pace since August 2024, having risen last month by a revised 1.2 percent, their weakest in three months.
In September and October, trade data from Asia’s fourth-largest economy is often distorted by timing differences in the Chuseok thanksgiving holidays. There were 24 working days in September this year, versus 20 last year.
“Export growth may accelerate on the back of record semiconductor shipments, alongside front-loaded shipments before the Chuseok holiday,” Standard Chartered economists said in a note.
