Ministry of Trade, Industry and Energy

Korea’s exports jump 6.2 percent in July

The Ministry of Trade, Industry and Energy announced on August 1 that exports topped USD 51.9 billion in July, returning to year-on-year growth after a month of contraction.   The value of average daily exports advanced 4.0 percent compared to July 2017 to hit $2.2 billion, growing for three consecutive months. Average daily exports excluding ships jumped 15.1 percent to $2.1 billion, continuing a 21-month growth streak.   The volume of overall outbound shipments advanced 3.3 perce date2018-08-01

June ICT exports hit $19.1 billion

The Ministry of Trade, Industry and Energy announced on July 18 that exports of information and communication technology (ICT) goods in June were worth more than USD 19.1 billion. The monthly export figure is tied for the second-highest ever.   Exports of ICT goods in June surged 20.4 percent compared to a year earlier, achieving double-digit year-on-year growth for the 19th consecutive month, since December 2016.    ICT imports inched downward 3.0 percent year-on-year to $8.6 date2018-07-18

Industrial materials, components exports hit record high in H1

The Ministry of Trade, Industry and Energy announced on July 19 that exports of industrial materials and components set a new record of USD 155.6 billion in the first half of 2018, growing 15.6 percent year-on-year.   Imports and trade surpluses of 11 types of materials and components were also at an all-time high. Imports rose 8.2 percent to $88.1 billion and the trade surplus stood at $67.5 billion.   Exports of both materials and components achieved double-digit growth of 14.2 p date2018-07-18

June exports inch down 0.1 percent

The Ministry of Trade, Industry and Energy announced on July 1 that Korea’s exports recorded USD 51.2 billion in June, inching downward 0.1 percent year-on-year. This was due to the high base effect from the large-scale exports seen a year earlier. Average daily exports grew 6.9 percent year-on-year to $2.4 billion, achieving growth for two months in a row. Average daily exports excluding ships jumped 21.7 percent to $2.3 billion, growing for 20 straight months.    Im date2018-07-01

ICT exports continue to show double-digit growth in May

The Ministry of Trade, Industry and Energy announced on June 18 that exports of information and communication technology (ICT) goods marked their fourth-highest monthly figure of USD 18.6 billion in May.Exports of ICT goods were up 20.6 percent compared to a year earlier, achieving double-digit year-on-year growth for the 18th consecutive month, since December 2016.ICT imports also jumped 9.0 percent year-on-year to $8.7 billion, and the trade surplus in this sector stood at $9.8 billion.The con date2018-06-18

Korean exports grow 13.5 percent in May

The Ministry of Trade, Industry and Energy announced on June 1 that Korea’s exports grew 13.5 percent year-on-year to USD 50.9 billion in May.   The growth rate turned to double digits for the first time since January 2018. In terms of volume, the May figures recorded the fifth largest monthly export figures ever.    Average daily exports rose 10.8 percent year-on-year to $2.4 billion, returning to growth from a decline seen in last month's year-on-year figure.  &n date2018-06-01

ICT exports post $17.2 billion in April

The Ministry of Trade, Industry and Energy announced on May 16 that Korea’s exports of information and communications technology (ICT) in April were worth USD 17.2 billion.   Also, exports of tech goods in April 2018 grew 10.9 percent year-on-year, continuing double-digit growth for 17 consecutive months now.    Imports in April rose 10 percent to $8.7 billion, with most of the growth coming in semiconductors and computers and peripheral devices.   Korea's trade s date2018-05-16

Korea’s outbound shipments inch down 1.5% in April

The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April inched down 1.5 percent year-on-year to USD 50.1 billion. Nevertheless, with the last month’s exports posting $51.6 billion, this was the first time for Korean exports to surpass $50 billion for two straight months.Since exports excluding ships were up 10.4 percent to $48.3 billion, the slight contraction in overall outbound shipments is largely attributable to a base effect that resulted from date2018-05-01

Vice Minister Lee discusses with Ghanaian ministers in Sejong

Trade, Industry and Energy Vice Minister Lee Inho (third from left) discussed with Ghanaian Education Minister Matthew Opoku Prempeh (third from right) and Energy Deputy Minister Joseph Cudjoe (second from right) at the Government Complex in Sejong on April 19.During the discussion, the ministers exchanged views on industrial and economic cooperation between the two countries regarding trade and investment as well as construction of energy infrastructure. date2018-04-19

Minister Paik presides over investment roundtable in New York

Trade, Industry and Energy Minister Paik Ungyu (center) posed for a photo with American investors at the 2018 Korea-U.S. Investment Roundtable at a hotel in New York on April 18.The Ministry organized the event to attract more investment from the U.S., promoting cooperation between the two countries for technology development in preparation for the Fourth Industrialization Revolution.In his opening remarks, Minister Paik emphasized that Korea’s exemption from U.S. steel tariffs and the agr date2018-04-19