South Korea’s exports reached a record $57.52 billion in October, marking the highest monthly figure for three consecutive months and a 4.6% year-on-year increase. Semiconductors, automobiles and bio-health products were top performers, driving positive growth in exports to the U.S. and China. Imports rose slightly to $54.35 billion, resulting in a $3.17 billion trade surplus, the 17th consecutive monthly surplus.

South Korean trade minister Ahn Duk-geun noted the need for continued vigilance amid global uncertainty, citing risks from the U.S. presidential election and ongoing geopolitical tensions.