South Korea’s exports jumped 48.3% year-on-year in March 2026 to a record USD 86.13 billion, breaking the USD 80 billion mark for the first time, driven largely by semiconductor shipments. The figure beat market expectations of 44.9% and marked a sharp acceleration from February’s 29.0% increase, extending the run of export growth to a tenth consecutive month. Semiconductor exports soared 151.4% to an all-time high of USD 32.83 billion, remaining above USD 20 billion for the fourth straight month, supported by robust AI-related investment and rising memory chip prices.