Korea’s export concentration deepens in Q3

Résumé détaillé

Semiconductor exports soared 219 percent on year to $148 billion in the third quarter, accounting for 46.5 percent of total exports, up from 25.1 percent a year earlier.…

South Korea’s export concentration intensified in the third quarter of this year, with the country’s top 10 exporters accounting for more than 60 percent of total exports for the first time, as a semiconductor boom widened the gap between large companies and smaller firms.

According to data released by the Ministry of Data and Statistics on Tuesday, the country’s total exports surged 72.3 percent on year to $318.6 billion in the third quarter, the highest quarterly figure since records began in 2015.

By company size, exports by large companies jumped 103.5 percent, led by semiconductor makers such as Samsung Electronics Co. and SK hynix Inc.

Exports by mid-sized and small and medium-sized enterprises (SMEs), on the other hand, grew just 12.8 percent and 10.7 percent, respectively.

Semiconductor exports soared 219 percent on year to $148 billion in the third quarter, accounting for 46.5 percent of total exports, up from 25.1 percent a year earlier. Semiconductors made up nearly half of all goods Korea shipped overseas.

The top 10 exporters accounted for 60.9 percent of total exports, up 20.4 percentage points from a year earlier.

It marked the first time their combined share had exceeded 60 percent since records began in 2010.

The share first topped 50 percent in the first quarter of this year, before crossing the 60 percent threshold just two quarters later.

Mid-sized companies and SMEs, which have benefited relatively little from the export boom, recorded trade deficits.

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