Main Contributor to Export

Exports by the ICT industry in May added up to US$15.41billion, up 17.4 percent from the same period last year.
Exports by the ICT industry in May added up to US$15.41billion, up 17.4 percent from the same period last year.

 

Semiconductor exports peaked in May, taking the initiative in ICT exports in May. They continued to rise for the seventh consecutive month.

According to a trend in ICT imports and exports announced by the Ministry of Commerce, Industry and Energy on May 14, exports by the ICT industry in May added up to US$15.41billion, up 17.4 percent from the same period last year. May exports hit the highest export volume ever by exceeding exports (US$ 15.33 billion) in May of 2013.

By item, exports of semiconductors stood at US$ 7.6 billion, an increase of 56 percent from the same period last year. Thanks to the highest volume of DRAM and system semiconductor exports, Corporate Korea achieved record-high earnings in May, following March this year.

Display exports also rose 7.6 percent, to US$2.36 billion. They have been rising for seven consecutive months. Computer and peripheral exports also swelled 21.5 percent to US$710 million.

By region, exports to China were US$7.84 billion, up 15.7 percent, while the growth of exports to other major nations such as Vietnam (US$2.2 billion) and the European Union (US$ 799 million) continued.

Imports inflated 13.4 percent to US$7.99 billion, led mainly by semiconductor and display exports. The international balance of payments in the ICT sector was provisionally estimated at US$7.42 billion.

 

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