South Korea's cumulative exports from January to October have surpassed $900 billion for the first time in history.

With October exports exceeding $110 billion for the second consecutive month following September, achieving $1 trillion in annual exports is virtually certain within November.

The Ministry of Trade, Industry and Energy announced today (Nov. 1) that exports in October reached $115.28 billion, an increase of 93.7% compared to the same period last year.

Driven by this performance, cumulative exports from January to October reached $930 billion, surpassing the $900 billion mark for the first time ever.

Semiconductor exports last month also surged 259.4% year-on-year to $56.44 billion, recording over $50 billion for the second straight month.