South Korea's trade share rose to 31. 1% of industrial transactions in 2024, up 1. 5 points, as the chip sector rebounded, per Bank of Korea data.
The Bank of Korea’s industrial input‑output analysis report shows total industrial transactions rose 4.6% year‑on‑year to 7,113.6 trillion won (US$5.13 trillion) in 2024. Domestic output accounted for 85% of the total, down 0.1 percentage point from the previous year, while imports rose to 15%, up 0.1 point. External transactions that include both exports and imports made up 31.1% of the total, an increase of 1.5 percentage points from 2023, driven primarily by higher outbound shipments. A BOK official attributed the shift to a strong rebound in the semiconductor industry, which recovered from a slump and significantly altered the economy’s structure. The reporting provides only these figures and statements; further context or analysis is not included.