SEOUL, May 1 Reuters South Korea39;s exports rose for a seventh straight month in April, trade data showed on Wednesday, as strong demand for chips continued to lead growth while automobile sales and U.S. shipments climbed to record highs.

Overseas sales by Asia39;s fourthlargest economy rose 13.8 from the same month a year earlier to 56.26 billion, a bit higher than a rise of 13.7 tipped in a Reuters survey of economists.

It came after a 3.1 rise in the prior month, which was the slowest in the current run of gains that started in October.

Finance minister Choi Sangmok said the data confirmed that an economic recovery was continuing, after the tradereliant economy grew in the first quarter at the fastest pace in more than two years, beating estimates.

Exports of chips grew for a sixth consecutive month, rising 56.1, along with gains across IT products, while sales of automobiles climbed 10.3 to post the highestever monthly export value of 6.79 billion.

By destination, exports to the United States extended gains for a ninth straight month, rising 24.3 to a record high of 11.4 billion, and Chinabound shipments jumped 9.9, sharply up from a 0.4 rise in the prior month.

Imports rose 5.4 in April to 54.73 billion, after a 12.3 drop in March and compared with a gain of 6.2 expected by economists. It was the first increase since February 2023.

As a result, the country posted a trade surplus of 1.53 billion in April, narrower than a 4.29 billion surplus in March….