- Registration date2024-05-16
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The Ministry of Trade, Industry and Energy (MOTIE) announced on May 15 that Korea’s export and import of information and communications technology (ICT) goods for April recorded USD 17.1 billion and $11.6 billion, respectively, and the trade balance stood at a surplus of $5.5 billion.
April ICT exports achieved this year’s steepest climb of 33.8 percent year-on-year as the majority of key items like semiconductors, displays, mobile phones, and computers/peripherals advanced. The previous growth rate entering the 30 percent thresholds was set in March 2022 (33.6 percent).
By item, top items like semiconductors (up 53.9 percent), displays (up 15.2 percent), mobile phones (up 15.3 percent), and computers/peripherals (up 55.9 percent) increased in export.
By region, exports to China (including Hong Kong) (up 43.7 percent), Vietnam (up 22.4 percent), the U.S. (up 24.6 percent), Europe (up 15.5 percent), and Japan (up 9.1 percent) enjoyed growth.
Meanwhile, ICT imports rose 10.4 percent year-on-year as demand for semiconductor and display parts increased.