From March 1 to 20, 2023, South Korea recorded its highest export figures for that duration, primarily due to a significant surge in semiconductor exports. According to the Korea Customs Service, the total export value for this period reached 53.3 billion dollars, representing a 50.4% increase compared to the same period last year. The daily average export amount was $3.55 billion, which also reflects a 40.4% rise year-on-year, indicating a robust performance of the South Korean economy in the export sector.

The boost in total exports can be largely attributed to the semiconductor industry, which saw a staggering growth of 163.9% in its export value, now accounting for 35% of the nation's total exports, a significant increase from 20% the previous year. Other sectors, such as automobile exports (up 11.1%), petroleum products (up 49.0%), and computer peripherals (up 269.4%), also experienced increases. However, exports of ships showed a decline of 3.9%, demonstrating some volatility in specific areas within the export landscape.

On the import side, the total import value for the same period was recorded at 41.2 billion dollars, marking a 19.7% increase year-on-year. Key imports included semiconductors (up 34.3%), crude oil (up 27.8%), and semiconductor manufacturing equipment (up 10.4%), while imports of gas saw a decline of 6.4%. The leading export partners for South Korea during this period were China, the United States, and Vietnam, which together represented 49% of total exports. Overall, South Korea enjoyed a trade surplus of 12.1 billion dollars, reflecting a positive trade balance despite global economic uncertainties.