According to the Huatai Securities Research Report, the boom in the AI chain and shipments at the end of the quarter jointly drove South Korea's exports to 83.5% year on year in September, and the average daily export increase of 104.7% year on year. Among them, the narrow AI chain contributed about 90% of export growth, and non-AI chain exports were also repaired compared to August. Strong exports drove South Korea's trade surplus to US$115.3 billion in the third quarter, contributing about 19.6 percentage points to nominal GDP growth. Looking ahead to the fourth quarter, strong global manufacturing momentum combined with AI chain demand is still expected to support a high increase in South Korea's exports, but as the year-on-year base rises month by month and the month-on-month increase in storage prices narrows, there may be room for a further increase in South Korea's export growth rate.

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