DBS: South Korea June Exports to Surge 50-60% YoY, Trade Surplus to Exceed $30bn
DBS Group Research forecasts South Korea's June exports will grow 50-60% year-on-year, with the trade surplus widening above $30 billion, driven by AI-related semiconductor demand and higher memory prices, supporting the central bank's rate hike path.
DBS Group Research analyst Ma Tieying expects South Korea's June export data to remain very strong, with year-on-year growth in the range of 50–60%. The trade surplus is projected to widen to over $30 billion.
Strong AI-related semiconductor demand and rising memory chip prices are seen as key drivers, offsetting higher energy import costs. The robust export performance and persistent inflation pressures support the Bank of Korea's path toward further rate hikes.
The assessment comes ahead of official June trade figures, which will be closely watched for confirmation of the trend.
Source: FXStreet Forex News