According to South Korean customs data, South Korea's semiconductor exports reached $16.63 billion from November 1st to 10th, a year-on-year increase of 331.2%, accounting for 49.7% of South Korea's total exports during the same period. However, after adjusting for differences in working days, export momentum stalled. According to Chokepoint's calculations of customs data, there were 7.5 working days in the first 10 days of November, with an average daily chip export value of approximately $2.22 billion, roughly the same as the same period in October. In comparison, chip exports from October 1st to 10th totaled $12.198 billion, but with only 5.5 working days, the average daily export value was also approximately $2.22 billion. In other words, the total chip exports in November increased by about 36% compared to the same period in October, mainly reflecting an increase in working days, but not a further increase in the average daily export value. Previously, the average daily chip export value had risen from $1.42 billion in early August to $1.94 billion in early September, and then reached $2.22 billion in October. This data indicates that the previously accelerating momentum of South Korean semiconductor exports has temporarily stalled. Data from mid-November will be a crucial indicator for observing the demand for AI chips and whether the semiconductor cycle can continue to expand.
