April 19, 2024
Economy
Korea’s ICT exports rise 24% in April
[THE INVESTOR] Korea’s exports of information and communications technology products rose at the fastest clip in nearly seven years in April, government data showed on May 17.
A total of US$15.55 billion worth of Korean-made ICT products were shipped overseas last month, up 24.2 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
It marked the highest on-year growth since August 2010 when monthly ICT exports soared 26.4 percent on-year.
Exports of ICT goods accounted for 30.5 percent of the country‘s total outbound shipments of US$51 billion last month.
Meanwhile, ICT imports increased 8.5 percent to US$7.88 billion in April, with the country logging a trade surplus of US$7.68 billion in the sector.
By Alex Lee and newswires (alexlee@heraldcorp.com)
A total of US$15.55 billion worth of Korean-made ICT products were shipped overseas last month, up 24.2 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
It marked the highest on-year growth since August 2010 when monthly ICT exports soared 26.4 percent on-year.
Exports of ICT goods accounted for 30.5 percent of the country‘s total outbound shipments of US$51 billion last month.
Meanwhile, ICT imports increased 8.5 percent to US$7.88 billion in April, with the country logging a trade surplus of US$7.68 billion in the sector.
By Alex Lee and newswires (alexlee@heraldcorp.com)
