South Korea's Exports In The Field of ICT In The First Half of the Year Set A Record

 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.