Lead

South Korea's exports surged 45.3 percent from a year earlier in the first 10 days of August, reaching US$21.3 billion, according to data from the Korea Customs Service released Tuesday. Imports also rose, but at a slower pace, yielding a trade surplus of $1.8 billion. In a separate development, the number of first-time exporters grew nearly 4 percent in 2025, with their combined exports hitting the highest level since 2019, the customs agency said.

Coverage Comparison

Yonhap News reported both the August trade figures and the first-time exporter data, presenting them as separate stories. The August 1-10 trade report focused on the sharp increase in outbound shipments, while the first-time exporter story highlighted the growth in new market entrants and their contribution to overall export vitality. Yonhap's coverage of the trade figures was neutral, while the first-time exporter report carried a more positive tone, describing the rise as adding "fresh vitality" to the country's exports.

The two reports complement each other in painting a picture of South Korea's export performance: one shows a strong short-term surge in the current month, and the other indicates broader growth in the number of businesses entering the export market over the past year.

Key Claims

  • Exports up 45.3% in early August: Outbound shipments totaled US$21.3 billion in the August 1-10 period, up from $14.6 billion in the same period of 2025, as reported by Yonhap News citing Korea Customs Service data.
  • Imports rise 23.1%, trade surplus at $1.8 billion: Imports reached $19.5 billion over the cited period, leading to a trade surplus of $1.8 billion, according to the same Yonhap report.
  • First-time exporters up nearly 4%: The number of businesses with no export records in the previous three years rose to 19,746 in 2025, up from 19,041 a year earlier, a nearly 4 percent increase, Yonhap reported. This marked the largest on-year increase in the past five years, the Korea Customs Service said.
  • Combined exports of first-time exporters up 13.2%: These companies' combined exports rose to US$6.9 billion in 2025, up 13.2 percent from a year earlier, the highest level since 2019, according to the customs data.
  • Average export value per first-time exporter: The average export value per company was $350,000, with exports remaining below $100,000 for 80 percent of first-time exporters, Yonhap reported.