April 19, 2024
Economy
ICT exports rise 18% in June
[THE INVESTOR] Korean exports of information and communication technology products increased for the eighth consecutive month in June, government data showed on July 12.
A total of US$15.9 billion worth of Korean-made ICT products were shipped overseas last month, up 18 percent from a year earlier, according to the data compiled by the Ministry of Science, ICT and Future Planning.
June’s overseas shipments of ICT products marked a monthly record high for June to breach the US$15 billion mark for the first time, the ministry said.
ICT imports also jumped 21.7 percent on-year to US$8.88 billion last month, with the country logging a trade surplus of US$7.03 billion in the sector, the latest data showed.
The ministry said rising overseas demand for South Korean computer chips, display panels and computers contributed to the surge, offsetting the weak exports of mobile phones.
Exports of semiconductors soared 56 percent on-year to US$8.1 billion in June mainly on the back of the rising market price of NAND flash chips, the ministry said.
The ministry said exports of displays increased 9.2 percent on-year in June to post an eighth-month winning streak, helped by rising demand for OLED TVs.
Overseas shipments of computers and computer equipment also increased 2.9 percent on-year last month, the ministry said.
Combined overseas sales of mobile handsets and parts, however, tumbled 42.2 percent to US$1.26 billion last month from a year earlier, the ministry said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
A total of US$15.9 billion worth of Korean-made ICT products were shipped overseas last month, up 18 percent from a year earlier, according to the data compiled by the Ministry of Science, ICT and Future Planning.
June’s overseas shipments of ICT products marked a monthly record high for June to breach the US$15 billion mark for the first time, the ministry said.
ICT imports also jumped 21.7 percent on-year to US$8.88 billion last month, with the country logging a trade surplus of US$7.03 billion in the sector, the latest data showed.
The ministry said rising overseas demand for South Korean computer chips, display panels and computers contributed to the surge, offsetting the weak exports of mobile phones.
Exports of semiconductors soared 56 percent on-year to US$8.1 billion in June mainly on the back of the rising market price of NAND flash chips, the ministry said.
The ministry said exports of displays increased 9.2 percent on-year in June to post an eighth-month winning streak, helped by rising demand for OLED TVs.
Overseas shipments of computers and computer equipment also increased 2.9 percent on-year last month, the ministry said.
Combined overseas sales of mobile handsets and parts, however, tumbled 42.2 percent to US$1.26 billion last month from a year earlier, the ministry said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
