Two-digit Growth Continuing: Korea’s ICT Exports Hit Another Record High in Aug. | BusinessKorea

Monday, September 25, 2017

South Korean exports of information and communication technology (ICT) products amounted to US$17.49 billion (19.6 trillion won) in August, recording a two-digit growth for the ninth consecutive month.
South Korean exports of information and communication technology (ICT) products amounted to US$17.49 billion (19.6 trillion won) in August, recording a two-digit growth for the ninth consecutive month.
SEOUL,KOREA
14 September 2017 - 12:30pm
Jung Suk-yee

According to a report titled “Trend of ICT Imports and Exports in August” from the Ministry of Science and ICT on September 13, South Korean exports of information and communication technology (ICT) products amounted to US$17.49 billion (19.6 trillion won) in August, hitting an all-time high for seven months in a row.

The figure was up 23.9 percent from a year earlier and increased for the tenth straight month after November 2016 and recorded a two-digit growth for the ninth consecutive month.

By item, exports of semiconductors stood at US$8.93 billion (10.02 trillion won), reaching the highest monthly figure boosted by rising demand of system semiconductors including the memory semiconductor and foundry sectors.

In addition, exports of displays increased 10 months in a row to US$2.8 billion (3.15 trillion won), while overseas shipments of computers and computer equipment totaled US$870 million (901.1 billion won) on the back of record-high shipments of South Korean-made solid state drives worth US$540 million (563.2 billion won).

By region, shipments to China, Vietnam, the United States and the European Union amounted to US$9.1 billion (10.25 trillion won), US$2.2 billion (2.48 trillion won), US$1.77 billion (1.92 trillion won) and US$860 million (901.3 billion won), respectively, showing growth in major countries.

Meanwhile, ICT imports, mainly semiconductors, computers and computer equipment, jumped 13.3 percent on-year to US$8.6 billion (9.69 trillion won) last month, with the country logging a trade surplus of US$8.88 billion (9.91 trillion won) in the sector.

 

Categories: 

Copyright 2013 BusinessKorea Co., Ltd.
301 Samdo Building, 12-1
Yeoido-dong, Yeongdeungpo-gu
Seoul, Korea 150-010
Tel: +82-2-578-3220
Fax: +82-2-578-3224
Email: contact@businesskorea.co.kr

 
 

Web design by: