S. Korea's November exports beat forecasts, led by chips and vehicles

South Korea’s exports rose in November for a sixth consecutive month, beating market expectations, as chip sales hit a record on strong technology demand while vehicles also jumped after a US trade deal.

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Exports from Asia’s fourth-largest economy, a bellwether for global trade, rose 8.4 per cent from the same month a year earlier to US$61.04 billion (S$79 billion), trade data showed on Dec 1, stronger than a median 5.7 per cent increase tipped in a Reuters poll of economists.

That was also faster than a 3.5 per cent rise in October.

Semiconductor exports surged 38.5 per cent to a record monthly high of US$17.26 billion, as strong demand for advanced chips used in data centres led to higher memory chip prices.