Shafaqna English– South Korea recorded a notable overshoot in its July export figures compared to economist forecasts, with the upside surprise attributable to surging international appetite for chips and computer equipment, a trend closely linked to the accelerating global race for AI dominance and the associated build-out of data center and cloud computing capacities.
Data released by South Korean customs authorities on Saturday(1 Aug 2026) indicated that the country’s export revenue surged to $98.89 billion in July, marking a year-on-year expansion of 62.8%, which markedly surpassed the 59.0% median forecast compiled by Reuters from a panel of economic experts, reflecting the unexpected strength of global tech demand.
Source: Reuters