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South Korea exports hit record US$86bn, chip demand drives breakout above US$80bn

South Korea’s exports climbed to a record US$86.1 billion in March 2026, marking the first time monthly shipments have exceeded the US$80 billion threshold, even as the Middle East conflict disrupted logistics and energy flows. According to the Ministry of Trade, Industry and Energy (MOTIE), the figure was up 48.3% year on year, extending a 10-month run of record monthly exports and lifting the country’s trade surplus to US$25.7 billion — its 14th straight month in the black.