South Korea's Exports In The Field of ICT In The First Half of the Year Set A Record
2021.07.15
According to Yonhap News Agency, South Korea’s Ministry of Science, Technology, Information and Communication said on the 14th that South Korea’s exports of information and communication technology (ICT)in the first half of this year reached 103.04 billion U.S. dollars (approximately 666.937 billion yuan), the second highest record in the first half of the year.
According to
Yonhap News Agency, South Korea’s Ministry of Science, Technology, Information
and Communication said on the 14th that South Korea’s exports of information
and communication technology (ICT) in the first half of this year reached
103.04 billion U.S. dollars (approximately 666.937 billion yuan), the second
highest record in the first half of the year. So far, South Korea has achieved
a year-on-year increase in exports in the ICT sector for 13 consecutive months.
Looking at
the indicators for June alone, exports increased by 29.1% year-on-year to 19.3
billion U.S. dollars. Since June last year, they have maintained growth for 13
consecutive months, setting a new record in June. Imports increased by 17.7%
year-on-year to 10.57 billion U.S. dollars, resulting in a trade balance of
8.73 billion U.S. dollars.
In terms of
export destination countries, exports to China (including Hong Kong, 28%),
Vietnam (25.3%), the United States (31.6%), the European Union (50.7%), and
Japan (19.6%) increased.
In terms of
export items, semiconductor exports exceeded US$10 billion for two consecutive
months, reaching US$11.23 billion, an increase of 21.3% year-on-year. Among
them, the export volume of system semiconductors was US$3.13 billion, a record
high. In addition, exports of displays (29.7%), organic light-emitting diodes
(OLED, 61.2%) and parts (11.2%) also increased.
In terms of
imports, imports of semiconductors (26.3%) and computers and peripheral
equipment (16.6%) increased, while imports of mobile phones (-14.1%) and
monitors (-9.1%) decreased.
According to
the analysis of the Ministry of Science, Technology, Information and
Communication of South Korea, the global economy is gradually recovering and
the trend of digital transformation is accelerating, which stimulates the
demand for ICT equipment and pushes up South Korea's ICT sector exports.