South Korea's Q3 export concentration deepens further; semiconductors account for nearly half

深潮 TechFlow news, November 11: In the third quarter of this year, South Korea's export concentration deepened further. Driven by the semiconductor boom, the gap between large enterprises and SMEs widened, and the top 10 exporters accounted for more than 60% of total exports, the first time since relevant records began in 2010.

According to data released by relevant authorities on Tuesday, South Korea's total exports in Q3 surged 72.3% year over year to USD 318.6 billion, the highest quarterly level since records began in 2015. By company size, exports by large enterprises rose sharply by 103.5%, mainly driven by semiconductor manufacturers such as Samsung Electronics and SK Hynix. In contrast, exports by medium- and small-sized enterprises increased by only 12.8% and 10.7%, respectively. In Q3, semiconductor exports soared 219% year over year to USD 148 billion, accounting for 46.5% of total exports, up from 25.1% in the same period last year. (金十)

Source: 深潮 TechFlow