S. Korea's monthly exports hit US$115.3 bln in Oct. on record chip sales

What happened: South Korea's exports rose 93.7 percent year on year to a record US$115.3 billion in October, driven by a surge in chip shipments, according to the Ministry of Trade, Industry and Resources. Key numbers: Exports US$115.3 billion, up 93.7 percent on-year. Semiconductor exports US$56.4 billion, up 259 percent. Imports US$72.78 billion, up 36 percent. Trade surplus US$42.5 billion. Why it matters: The ministry attributed the record export figure to the jump in semiconductor shipments, which lifted overall exports.

South Korea's exports rose 93.7 percent year on year to a record US$115.3 billion in October, driven by a surge in chip shipments, according to the Ministry of Trade, Industry and Resources.

The ministry attributed the record export figure to the jump in semiconductor shipments, which lifted overall exports.